Gold, silver fall on thin trading volumes

April gold futures fell 0.7% to $5,010 an ounce

Gold and silver futures declined on Monday amid lower trading volumes, as US and Chinese markets were closed for public holidays, while investors locked in profits following gains in the previous session.

April gold futures fell 0.7%, or $36.3, to $5,010 an ounce.

Spot gold dropped more than 1% to $4,989.65 an ounce, while spot silver lost about 1.8% to trade at $76.03 an ounce.

The dollar index, which measures the US currency against a basket of six major peers, was little changed at 96.97 as of 09:05 Mecca time.

March silver futures declined 2.7% to $75.85 an ounce. Spot platinum fell 0.6% to $2,053.90, while palladium slipped 0.5% to $1,683.63 an ounce.