Abu dhabi: Gold prices fell on Friday and were headed for a weekly loss. Spot gold declined 0.4% to $4,103.23 per ounce, while US gold futures for August delivery dropped 0.7% to $4,113.70 per ounce.

According to Emirates News Agency, among other precious metals, spot silver decreased by 0.7% to $59.56 per ounce. Platinum saw a rise of 0.4%, reaching $1,616.72 per ounce. Meanwhile, palladium increased by 2.2%, reaching $1,274.50 per ounce.