New Delhi, June 30 -- Gold and silver prices swung between gains and losses on Tuesday, 30 June, but remained tilted to the downside as a stronger US dollar and growing expectations of further US Federal Reserve interest rate hikes continued to weigh on precious metals, pushing them toward double-digit monthly losses.

The Comex gold futures contract tumbled $83 per troy ounce, slipping below the key $4,000 mark to an intraday low of $3,955, the lowest level since November. This marks the second time in June that the yellow metal has fallen below $4,000, and it is on track to end the month with a decline of nearly 12%.

Silver futures on Comex fell as much as $1.63 per ounce to an intraday low of $57 before staging a sharp recovery. The w...