New Delhi, June 27 -- 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 Rs.96,261 per 10 grams as against its previous close of Rs.97,087. MCX silver prices for July futures also opened 0.11% lower at Rs.1,06,629 per kg as compared with its previous close of Rs.1,06,755.

At 11:25 AM, MCX gold rate was trading lower by Rs.987, or 1.02%, at Rs.96,100 per 10 grams, while MCX silver rate was down by Rs.204, or 0.19%, at Rs.1,06,551 per kg.

MCX gold price hit a low of Rs.95,954 per 10 grams, falling below Rs.96,000 level, whil...