Low clouds descended over the 2,774m course shortly before the scheduled 1100 GMT start and despite sun shining elsewhere on the surrounding peaks, they would not disperse.
Race organisers made several inspections as the first group of competitors waited in the starting hut and thousands of ski fans thronged the finish area, before eventually calling off the race at around 1315 GMT.
Organisers later said the race would now take place after Sunday's women's downhill at 1230GMT.
Canada's Erik Guay will be among the favourites after winning the super-G earlier this week.
(Reporting by Martyn Herman, editing by Pritha Sarkar and Toby Davis)
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