Gold price falls, silver trades flat on MCX amid increased US Fed rate-hike bets

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AI summary

Gold prices on MCX fell 0.27 percent to about Rs 1,44,913 per 10 grams for August delivery, while silver September contracts traded nearly flat at around Rs 2,26,555 per kg on Friday. The weakness in gold was driven by increased US Fed rate-hike bets and tepid spot demand, with weak global cues adding pressure on bullion prices.