Gold prices on the Multi Commodity Exchange (MCX) opened sharply lower on Friday, tracking weakness in international bullion prices, weighed down by a slight uptick in the US dollar and the Israel-Iran ceasefire.
MCX gold rate for August futures opened 0.85% lower at ₹96,261 per 10 grams as against its previous close of ₹97,087. MCX silver prices for July futures also opened 0.11% lower at ₹1,06,629 per kg as compared with its previous close of ₹1,06,755.
At 11:25 AM, MCX gold rate was trading lower by ₹987, or 1.02%, at ₹96,100 per 10 grams, while MCX silver rate was down by ₹204, or 0.19%, at ₹1,06,551 per kg.
MCX gold price hit a low of ₹95,954 per 10 grams, falling below ₹96,000 level, while silver price touched an intraday low of ₹1,06,109 per kg on Friday.
