Gold prices fell slightly during Thursday's trading, helped by a stronger dollar and as markets digested US inflation data.

Gold futures prices for June delivery fell by 0.10%, to $2035.10 an ounce, at exactly 09:45 am Mecca Al-Mukarramah time.

Silver futures prices for July delivery also decreased by 0.95% to $25.42 an ounce.

Meanwhile, the dollar index - which measures its value against a basket of major currencies - rose 0.15% to 101.63 points, usually putting pressure on commodities denominated in the greenback.

Official data showed, on Wednesday, that the inflation rate in the United States slowed to 4.9% in April, compared to 5% in March, while investors await the release of the Producer Price Index reading later today.

Markets now widely expect, or 99.7% according to Reuters, that the Fed will hold interest rates at current levels at its next meeting in June.