Singapore, June 23 (QNA) - Gold prices fell more than 1% on Tuesday, weighed down by a firmer US dollar on expectations of a Federal Reserve interest rate hike this year.

Spot gold was down 1.1% to $4,142.61 per ounce, while US gold futures for August delivery fell 1% to $4,160.20.

Spot silver dropped 3.3% to $63.05 per ounce, platinum lost 1.9% to $1,646.30, and palladium was down 1.8% to $1,242.75. (QNA)