New Delhi, Nov. 21 -- Gold prices on Multi Commodity Exchange of India (MCX) traded lower on Friday, tracking weakness in international prices, on falling expectations of interest rate cut by the US Federal Reserve and signs of easing global geopolitical tensions. Silver prices slipped more than 1%.

MCX gold rate opened lower at Rs.1,22,373 per 10 grams as against its previous close of Rs.1,22,727 level. MCX silver prices opened lower at Rs.1,53,750 per kg as against its previous close of Rs.1,54,151.

In the global markets, gold prices fell as a stronger-than-expected US jobs report reinforced expectations that the Federal Reserve will refrain from cutting interest rates at its December meeting.

Spot gold price fell 0.1% to $4,072.87 p...