Today, gold prices fell once more.

At 0101 GMT, spot gold was down 0.2% at $1,807.19 per ounce, following a five-month low of $1,783.50 on Friday. US gold futures were down 0.5% at $1,809.50.

According to SPDR Gold Trust, the largest gold-backed exchange-traded fund in the world, its holdings fell 0.8% on Friday to 1,041.9 tonnes from 1,050.31 tonnes on Thursday.

As the price of yellow metal fell on the international markets, gold prices remained erratic.

The Strong Dollar, as a result of a significant increase in interest rates by the US Federal Reserve, has been cited as the primary cause of the downfall in gold prices.

Spot gold experienced a 0.2% decline to close at $1,817.39/ounce.

It is important to note that Bullion has lost more than 3% of its value this week.

US Gold future, meanwhile, fell 0.5% to settle at 1,816.40/ounce.

Just as gold trading started in the US markets, CPI data was released.

Within the first 15 minutes of the trading session, gold, which had started lower, fell to the day's low of $1704.5 per oz before regaining strength.