Gold and silver prices slipped on Monday as a stronger US dollar and rising inflation expectations reduced hopes of an early interest rate cut by the US Federal Reserve. Precious metals initially fell during the day before recovering some losses later in the session, reported the IANS.

On the Multi Commodity Exchange (MCX), gold April futures slipped 0.16 per cent to Rs 1,61,380 per 10 grams around 11:10 am during intra-day trading. Silver May futures also declined, falling 1.30 per cent to Rs 2,64,799 per kilogram.