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Gold and silver prices decline amid stronger dollar

April 21, 2026 / 11:11 AM
Gold and silver prices decline amid stronger dollar
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Sharjah24 - WAM: Gold and silver prices fell on Tuesday as a stronger US dollar reduced demand for bullion, with gold extending losses after hitting a multi-day low in the previous session. Spot gold slipped 0.2% to $4,807.91 per ounce by 02:17 GMT, continuing its downward trend after reaching its lowest level since 13 April on Monday. US gold futures for June delivery held steady at $4,827.30.

Precious metals face broader weakness

The market came under pressure as investors assessed the impact of a firmer dollar, which makes dollar-priced commodities more expensive for holders of other currencies.

Mixed performance across metals

Silver declined 0.6% to $79.40 per ounce, while platinum dropped 0.7% to $2,074. Palladium moved against the trend, rising 0.3% to $1,556.16 per ounce.

April 21, 2026 / 11:11 AM

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