New Delhi, June 19 -- The price of the yellow metal saw downward correction on Friday and were on track for a third consecutive weekly decline. Gold edged lower amid stronger dollar and hawkish signals from US Federal Reserve officials.

The non-yielding metal hovered around Rs.149,660 per 10 grams in India at 7:50 AM, marking a significant drop from Rs.154,180 price on Thursday. Meanwhile, 1 kilogram Silver 999 Fine is priced at Rs. 238,700. MCX Gold was trading around Rs.149,378 per 10 grams, while MCX Silver stood at Rs.237,620 per kilogram.

Spot gold fell 0.5%, to settle at $4,189.26 per ounce, as of 0043 GMT, while gold futures for August delivery plunged 0.9% to $4,207.80, Reuters reported. Other precious metals such as platinum an...