New Delhi, June 27 -- Gold prices on 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 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 lower at Rs.1,06,629 per kg as compared with its previous close of Rs.1,06,755.
At 9:10 AM, MCX gold rate was trading lower by Rs.946, or 0.97%, at Rs.96,141 per 10 grams, while MCX silver rate was down by Rs.482, or 0.45%, at Rs.1,07,415 per kg.
In the international bullion market, gold prices declined and were heading for a second weekly loss.
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