Doha: Gold fell 1% on Tuesday as thin trading persisted across major Asian markets, while a firmer dollar also pressured prices. Spot gold dropped 0.9% to $4,947.98 per ounce, after losing 1% earlier in the session.

According to Qatar News Agency, US gold futures for April delivery lost 1.6% to $4,966.80 per ounce. In addition to gold, other precious metals also experienced declines in price. Spot silver fell 2.7% to $74.51 per ounce, after dropping over 3% earlier.

Furthermore, spot platinum shed 0.8% to $2,025.05 per ounce, while palladium lost 1.5% to $1,698.10. The overall trend reflects the impact of a stronger dollar amidst reduced trading activity in Asian markets.