Sharjah: Gold prices fell on Thursday: Gold prices fell on Thursday, with spot gold slipping 0.8 percent to $4,799.79 per ounce, after hitting a record high of $4,887.82 in the previous session.
According to Emirates News Agency, gold futures for February delivery also declined 0.6 percent to $4,806.60 per ounce. Other precious metals followed suit, as spot silver fell 0.9 percent to $92.38 per ounce, platinum dropped 2.7 percent to $2,415.60 per ounce, and palladium slipped 1 percent to $1,821.50 per ounce, after reaching a one-week high in the previous session.