Gold futures were last seen trading lower by Rs 75 - or 0.16 per cent - at Rs 47,559 Gold Cost In India: Gold futures traded in the unfavorable area on Friday, July 23, as the yellow metal mirrored international trends - in which international markets, the yellow metal headed for its very first weekly fall in five.
On the Multi Commodity Exchange (MCX), gold futures due for an August 5 shipment, were last seen trading lower by Rs 75 - or 0.16 percent - at Rs 47,559, compared to their previous close of Rs 47,634.
Silver futures due for a September 3 delivery were last down 0.07 per cent at Rs 67,329 against a previous close of Rs 67,374.
Domestic area gold opened at Rs 47,922 per 10 grams on Friday, and silver at Rs 67,345 per kilogram - both rates omitting GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).
Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities: COMEX gold trades bit changed near $1804/oz after a 0.1% gain the other day.
Gold is choppy near $1800/oz as assistance from increasing virus cases, frustrating United States economic information and ECB's dovish stance is countered by increase in bond yields and stability in equity markets.ETF investors likewise stayed on sidelines awaiting fresh hints.
Gold continues to hold near $1800/oz and purchasing interest might emerge at lower levels amid continuing difficulties to international economy and loose monetary policy position of some central banks .