New Delhi, June 5 -- Gold and silver prices in India opened lower on the Multi Commodity Exchange (MCX) on Friday, following weakness in the global bullion prices, and ahead of the announcement of the Reserve Bank of India's monetary policy later today.

MCX gold rate for August futures contracts opened lower by Rs.949, or 0.59%, at Rs.1,58,598 per 10 grams as against its previous close of Rs.1,59,547 level. MCX silver price for July futures contracts opened lower by Rs.4,772, or 1.8%, at Rs.2,60,024 per kg as compared to its previous close of 2,64,796 level.

At 9:05 AM, MCX gold price was trading at Rs.1,58,330 per 10 grams, down by Rs.1,217, or 0.76%. MCX silver price traded lower by Rs.3,597, or 1.36%, at Rs.2,61,199 per kg.

In the i...