New Delhi, April 24 -- Gold and silver prices in India traded lower on Friday, tracking weakness in international bullion markets, which are headed for a weekly decline amid escalating US-Iran war in the Middle East.

MCX gold rate for June futures contracts was down by Rs.26, or 0.02%, at Rs.1,51,735 per 10 grams. MCX gold prices have fallen more than 2% this week so far.

MCX silver price for May futures contracts was trading lower by Rs.1,928, or 0.80%, at Rs.2,39,585 per kg. MCX silver rates have declined more than 6% this week so far.

In the international market, gold prices edged lower and were set to log a weekly loss after a four-week winning streak.

Spot gold price declined 0.2% to $4,685.23 per ounce and has dropped around 3% ...