Gold prices fall amid strengthening of US dollar

Gold prices fell on Monday morning ahead of the release of US inflation statistics, Report informs with reference to stock exchanges.

The price of April futures for gold on the New York Comex exchange fell by $4.05, or 0.22%, to $1,870.45 per ounce. March futures for silver decreased 1.01% to $21.852 an ounce.

The US dollar index increased by 0.14% and reached 103.78 points. A stronger dollar makes gold less available to buy in other currencies.