Gold prices in India traded lower on the Multi Commodity Exchange (MCX) Friday following a muted trend in international spot prices amid a firm US dollar and a rise in US Treasury Yields. At 11:35 am, gold futures for February delivery fell 0.45 percent to Rs 50,675 per 10 grams as against the previous close of Rs 50,904 and opening price of Rs 50,755 on the MCX. Silver futures traded 0.59 percent lower at Rs 69,550 per kg. The prices opened at Rs 69,694 as compared to the previous close of Rs 69,962 per kg.

Nobody would have thought of buying into property stocks less than 6 months ago, said Mehraboon J Irani, Managing Director and Chief Executive Officer CEO of Gini Gems Consultants in an interview to CNBC-TV18.

The share price of Phoenix Mills Ltd jumped over 8 percent in early trade on Friday after the company reported its business update for the quarter ending December 2020.

The share price of Tata Power rallied over 3 percent to hit a fresh 52-week high of Rs 84.60 after the company acquired a 51 percent stake each in TP Southern Odisha Distribution Limited (TPSODL) and TP Western Odisha Distribution Limited (TPWODL).