Mubasher: The prices of gold continued to decline on Thursday, retreating to their lowest levels in 9 months, coinciding with a rising US dollar to highs not seen since 2003.
The dollar gained after Wednesday's Federal Reserve Bank meeting bolstered expectations of a December rate hike.
By 4:40 GMT, spot gold was down 0.63% to $1,187.50 per ounce, its lowest level since February.
Gold futures lost 0.2% to 1,185.65 per ounce, while silver shed 0.23% in spot trading, reaching $16.312 per ounce (7 June bottom).
Precious metals, particularly gold, are impacted by a rise in interest rates, which raises the cost of have no-interest assets like gold.
The dollar index grew 0.14% to 101.87, its highest level since December 2003.
