Gold prices retreated on the Multi Commodity Exchange (MCX) on Friday, while silver traded largely flat, as traders digested renewed bets on a Federal Reserve interest rate hike.
The precious metals sector remains under pressure from a strengthening US dollar and shifting monetary policy expectations.
MCX gold for August delivery fell 0.27% to trade at ₹1,44,913 per 10 grams in early deals.
Silver, meanwhile, saw negligible movement, with September contracts up a marginal 0.08% at ₹2,26,555 per kilogram.
The mixed performance reflects cautious sentiment among spot market participants amid weak global cues.
The decline in gold prices follows a broader trend of losses for the metal.