Gold Rate Today: Gold trades lower in morning deals

Gold prices were trading lower in the morning deals on Friday on account of subdued demand of precious metal from jewellers, retailers and investors.

MCX Gold futures were down 0.36 per cent, or Rs 109, at Rs 30,464 at around 11.05 am (IST).

Nirmal Bang Commodities said, “We expect gold prices to trade range bound for the day as the dollar strengthened during the week.”

SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its latest holdings stood at 827.79 tonnes, remain unchanged from previous business day