To encourage weak demand for the yellow metal, dealers are offering huge discounts on gold in India
On the Multi Commodity Exchange (MCX), the gold of August fell by 0.06 per cent to Rs 48,368 at 0930 hrs.
- Last Update:30 July 2021, 09:48 AM IST
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Gold prices in India traded flat on Friday. On the Multi Commodity Exchange (MCX), the gold of August fell by 0.06 percent to Rs 48,368 at 0930 hrs. Silver also declined on Friday after seeing huge gains during the previous session. On Thursday, gold closed at Rs 68,024, down 0.26 per cent.
Gold prices rose on Friday in the international market. The yellow metal was on track for its biggest weekly gain in more than two months. Spot gold was stable at $1,827.28 an ounce as of 0256 GMT, having hit a high of $1,832.40 on Thursday, the highest since July 15. US gold futures fell 0.2% to $1,832.00 an ounce, according to Reuters.
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