Traders say the Reserve Bank of India may be conducting longer-dated USD/INR buy-sell swaps alongside spot intervention.

Iraq on Friday denied a New York Times report that it is mediating U.S.-Iran negotiations to secure a ceasefire, calling the story "completely baseless" and "detached from reality," the Iraqi News Agency (INA) quoted the prime minister's media office as saying. The office urged media to verify information with official channels and avoid spreading unverified or anonymously sourced reports.

At the 02:30 close, Shanghai gold most-active contract fell 2.25% to 884 yuan/gram; Shanghai silver fell 4.22% to 14,110 yuan/kg; SC crude oil most-active contract rose 7.11% to 604 yuan/barrel.