Gold trading at its lowest in this week on Friday after strong U.S. retail sales data sparked fears of an early end to monetary stimulus and erased recent gains from a short covering rally.
Gold has lost 27 percent of its value this year and is headed for its first annual decline in 13 years.
While Silver fell to a one-week low, ticked up after a 4 percent drop overnight. Silver for immediate delivery fell as much as 1 percent to $19.3060 an ounce, the lowest since Dec. 6, before trading at $19.3913. The metal dropped 3.9 percent yesterday, the most since Dec. 2, and is headed for a second weekly decline.