Singapore, October 30 (QNA) - Gold prices extended their losses on Friday as rising oil prices and US inflation data bolstered expectations of higher US interest rates, weighing on the non-yielding precious metal.

Spot gold fell 0.5% to $4,000.54 per ounce, while US gold futures for December delivery slipped 0.5% to $4,010.10.

Among other precious metals, spot silver dropped 1.6% to $51.53 per ounce. Platinum fell 1.9% to $1,459.75, while palladium lost 1.4% to $992.37. (QNA)