Gold prices declined amid mixed performance of precious metals

Gold prices fell on Friday, heading towards recording a weekly loss.

The price of gold in spot transactions fell by 0.4% to reach $4,103.23 per ounce, while US gold futures contracts (August delivery) fell by 0.7% to record $4,113.70 per ounce.

In the other precious metals market, silver prices in spot transactions fell by 0.7% to $59.56 per ounce, while the price of platinum rose by 0.4% to $1616.72, and palladium rose by 2.2% to reach $1274.50 per ounce.