Sharjah:Gold prices edged lower on Tuesday following a significant increase in the previous session. Spot gold saw a decline of 0.5 percent, reaching $3,926.52 an ounce by 0353 GMT. This decrease comes after a more than 2 percent rise to $3,954.41 in the prior session, where gold recovered from a one-year low experienced on Friday.
According to Sharjah 24, US gold futures for December delivery also experienced a downturn, falling 0.8 percent to $3,936.30 an ounce. Similarly, other precious metals faced declines, with spot silver dropping 1.8 percent to $49.71 an ounce, platinum easing 0.2 percent to $1,446.80, and palladium decreasing by 1.4 percent to $953.64.