Gold and Silver settled lower in futures market on Thursday, pulling back after posting gains in each of the last two sessions. The rise in yields on U.S. Treasurys dulled some investment demand for the metal, but weakness in the dollar helped to limit losses for gold.

Gold futures lost 3.30 dollars or 0.26 percent to close at USD 1,245.80 per troy ounce at the COMEX division of the New York Mercantile Exchange.

Silver futures fell 0.138 dollar or 0.82 percent to close at USD 16.62 per troy ounce at the COMEX.