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Gold, silver rise on MCX

MCX Gold prices rose on Friday, while the silver rates gained 0.17%. On the Multi Commodity Exchange, gold August futures were trading at Rs 59,565 per 10 grams, up by Rs 162 or 0.27%. Silver September futures were trading up by Rs 128 at Rs 73,875 per kg on MCX.

Gold prices held near two-week lows on Friday after strong U.S. economic data spurred the dollar and bond yields in a high interest rate environment that dragged the non-interest-bearing metal towards its biggest weekly decline in five,

Spot gold was up 0.3% at $1,951.19 per ounce, after earlier hitting its lowest level since July 12 and ending 1.4% lower in the previous session. Bullion has declined 0.4% so far in the week, heading for its biggest weekly fall since June 23. U.S. gold futures rose 0.2% to $1,950 per ounce.

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