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 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 ...