Gold price outlook, July 6 -- Gold Futures on India's Multi Commodity Exchange (MCX) closed flat after Friday, 4 July's market session. The futures jumped after opening on Friday due to a weak US dollar as the US House passed President Donald Trump's tax cut bill.

The MCX gold futures for the August 2025 contract closed flat or Rs.2 per 10 grams lower at 96,988 points on Friday, compared to 96,990 points at the previous commodity market close. The precious yellow metal hit an intraday high of Rs.97,131 per 10 grams during the intraday session.

On the global gold front, the Comex gold was up 0.11% or by $3.60 per ounce to $3,346.50 per ounce as of the trading session on 5 July 2025, according to official data. The commodity hit an intrad...