Muscat: Gold and silver prices declined today, pressured by a strengthening US dollar. Spot gold fell 0.2 percent to $4,807.91 per ounce, extending losses from the previous session when it hit its lowest level since 13 April 2026. US gold futures for June delivery steadied at $4,827.30 per ounce.

According to Oman News Agency, silver dropped 0.6 percent to $79.40 per ounce. Meanwhile, platinum lost 0.7 percent to $2,074.00, while palladium edged up 0.3 percent to $1,556.16 per ounce.

The decline in gold and silver prices highlights the impact of currency fluctuations on precious metals, as a firmer dollar typically makes commodities priced in the greenback more expensive for holders of other currencies. This price movement could influence future market strategies and investor decisions regarding these key commodities.