Mumbai: Gold prices on the Multi Commodity Exchange (MCX) slipped slightly in morning trade on Friday, as investors waited for the Reserve Bank of India’s (RBI) monetary policy decision.

However, a weaker US dollar and steady demand in the spot market helped limit the fall in gold rates.

During early trade, before the policy announcement, MCX gold February futures were down 0.14 per cent at Rs 1,29,892 per 10 grams, while MCX silver March contracts were up 0.74 per cent at Rs 1,79,461 per kg.

Market participants are closely watching the RBI’s Monetary Policy Committee (MPC) meeting.

Experts remain divided on what the central bank may announce because recent macroeconomic indicators have sent mixed signals.

India’s headline GDP growth remains strong, but weak nominal GDP figures and sl

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