Gold prices on Friday fell 230 rupees at Multi Commodity Exchange for August contracts in sync with fall in gold prices in the global markets. Gold was trading at 47,400 rupees per 10 gram. Silver prices also declined around 460 rupees to trade at 66,910 rupees per kilogram for September Contracts when reports last came in.

In the New York Mercantile Exchange, gold was marginally down at 1,808 US dollars and 40 cents per ounce. Silver prices were trading flat 25 dollars and 40 per ounce.