New Delhi, July 7 -- Gold prices on Multi Commodity Exchange (MCX) opened lower on Monday, tracking weakness in the international bullion market after US President Donald Trump signalled progress on multiple trade agreements and announced extended tariff reprieves for several countries.

MCX gold rate opened 0.52% lower at Rs.96,485 per 10 grams level as against its previous close of Rs.96,990 level. MCX silver rate opened 0.38% lower at Rs.1,08,124 per kg, as against its previous close of Rs.1,08,429 level.

At 9:10 AM, MCX gold price was trading lower by Rs.490, or 0.51%, at Rs.96,500 per kg. MCX silver price was down by Rs.143, or 0.13%, at Rs.1,08,286 per kg.

In the international bullion market, gold prices dropped on dampening safe-...