Singapore, May 04 (QNA) - Gold prices edged lower on Monday, pressured by inflation concerns that overshadowed the outlook for US monetary policy, as investors monitored global market movements.

Spot gold fell 0.3 percent to $4,599.45 per ounce, while US gold futures for June delivery dropped 0.7 percent to $4,611.40.

Among other precious metals, spot silver rose 0.1 percent to $75.38 per ounce, platinum gained 0.2 percent to $1,991.85, while palladium slipped 0.3 percent to $1,519.66. (QNA)