Gold Prices Decline by 1% Amid Stronger Dollar and Low Trading in Asia

Muscat: Gold fell 1% today as thin trading persisted across major Asian markets, while a firmer dollar also pressured prices. Spot gold dropped 0.9% to $4,947.98 per ounce, after losing 1% earlier in the session. US gold futures for April delivery lost 1.6% to $4,966.80 per ounce.

According to Oman News Agency, spot silver fell 2.7% to $74.51 per ounce, after dropping over 3% earlier. Spot platinum shed 0.8% to $2,025.05 per ounce, while palladium lost 1.5% to $1,698.10.