New Delhi, June 25 -- Gold and silver prices attempted a recovery in Thursday's trade, June 25, after falling to multi-month lows in the previous session. A retreat in the US dollar index after US inflation data came largely in line with expectations eased some concerns about imminent Federal Reserve rate hikes, bringing much-needed optimism back to precious metals.

Comex gold futures jumped $44 per troy ounce to reclaim the $4,000 mark, touching an intraday high of $4,060. Although prices recovered, they have recouped less than one-third of the $169 decline recorded in the previous session, which dragged the yellow metal to a seven-month low.

The metal is also on track to post a fourth consecutive monthly decline, having lost 12% so fa...