New Delhi, Aug. 6 -- Gold and silver prices surrendered all of their intraday gains in Thursday's trade, 6 August, as investors booked profits following the recent rally driven by easing concerns over inflation and US interest rates amid signs of de-escalating tensions in the Middle East.

After climbing to a six-week high of $4,363 per troy ounce, Comex gold futures erased all of their gains, slipping back to around $4,290. Silver futures also retreated to $61.12 per troy ounce after touching the $63 mark earlier in the session, their highest level in over a month.

Meanwhile, the US dollar index rebounded, adding pressure on precious metals by making dollar-denominated assets more expensive for holders of other currencies. The dollar in...