Singapore, November 03 (QNA) - Gold prices ticked lower on Tuesday, after surging more ‌than 2% in the previous session on a drop in oil prices that eased inflation concerns, while investors awaited the outcome of US midterm elections later in the day.

Spot gold fell 0.5% ​to $3,926.52 per ounce. Prices climbed over 2% to $3,954.41 per ​ounce in the previous session, rebounding from a one-year low it ⁠hit on Friday.

US gold futures for December delivery dropped 0.8% to $3,936.30.

Among other metals, spot silver slipped 1.8% to $49.71 per ounce, platinum dropped 0.2% to $1,446.80 and palladium dipped ​1.4% to $953.64. (QNA)