London: Gold declined in London, resuming last week's slide on speculation gains in the dollar will stall demand for the metal as an alternative investment. Platinum rose after workers went on strike in South Africa.

Gold for immediate delivery dropped 5.85 dollar, or 0.7 per cent, to $788.45 an ounce in London. Gold fell 4.9 per cent last week as the dollar gained the most in three months against the euro partly on signs of the US economic growth.

Among other precious metals, silver fell 8.5 cents to 14.08 an ounce and palladium gained 1.50 dollar to 347.75.

Source : PTI