New Delhi, June 5 -- Precious metals came under renewed selling pressure on Friday, 5 June, after a stronger-than-expected US jobs report reinforced expectations that the US Federal Reserve could keep interest rates higher for longer.

Comex gold slumped $136 per troy ounce to the day's low of $4,369, marking its lowest level since late March. The latest sell-off widened gold's weekly losses to nearly 5% so far.

Silver, which is typically more volatile than gold, dropped even further, falling $5.34 to touch the day's low of $68.63. The white metal was last seen around these levels on 30 March and is now down nearly 9% for the week, heading for its fourth straight weekly decline.

US job growth exceeded all forecasts in May, while the une...