New Delhi, March 11 -- Precious metals edged lower in Wednesday's trade on 11 March from a strong close in the previous session as the US dollar resumed gains, making greenback-priced commodities more expensive for other currency holders.

The April futures contract on COMEX Gold dropped $87 to the day's low of $5,155.9 per troy ounce, erasing half of the previous session's gains. The May silver contract on COMEX Silver also fell, dropping $5 per troy ounce to reach the day's low of $84.55 earlier in the session.

The US dollar index regained strength today, climbing to 99.42 as the conflict with Iran showed no signs of easing and energy prices continued to rise. On the data front, February inflation came in line with forecasts, showing s...