Mubasher: Gold prices declined on Tuesday on the back of a strong performance by the US dollar against major currencies and signs for recovery in stock markets.

The precious metal futures for December delivery decreased by $1.40, or 0.1%, to settle at the level of $1,226.20 per ounce.

The dollar index (DXY) is above the 97 point mark, extending its daily gains to more than 0.5%.