Gold and silver prices declined in international markets on Thursday as a stronger US dollar and renewed geopolitical tensions between the US and Iran pressured sentiment. Concerns over prolonged inflation and uncertainty in global interest rate cuts also added to the weakness in precious metals, reported IANS.

Global bullion prices

Spot gold fell nearly 2 per cent to USD 4,368.99 per ounce, while COMEX gold slipped 1.80 per cent to USD 4,367.90 per ounce, as per the news agency.