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Taking cues from international markets, gold futures may trade on the lower side.
However, the volatile rupee will play a key role in deciding the price trend through the day. If rupee depreciates against dollar, then gold prices in India will fall less compared to the international markets.
Gold August contract on the Multi Commodity Exchange had closed at Rs 29,736 on Thursday.
In Mumbai spot market, the yellow metal opened down by Rs 15 at Rs 2,865 a gram. In Comex spot market, it opened lower at $1,605 a troy ounce at 8.40 am.
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