Gold prices in India traded flat on Friday. On the Multi Commodity Exchange (MCX), the price of 10 grams of gold fell 0.06 percent to Rs 48,368 at 9:30 in August. Silver also declined on Friday after seeing huge gains during the previous session. On Friday, the price of gold fell by 0.26 percent to close at Rs 68,024.
Gold prices rose on Friday in the international market. 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.
On MCX, silver for delivery in September was currently trading at Rs 67905 per kg with a fall of Rs 295. Gold became costlier by Rs 382 and silver by Rs 1280 in the Delhi bullion market on Thursday. In the bullion market, the rate of gold was Rs 46,992 per ten grams and the rate of silver was Rs 66,274 per kg.
The rupee opened with a gain of 2 paise at 74.27 against the dollar in early trade on the Interbank Foreign Exchange. On Thursday it closed at 74.29 level.