Gold and silver futures on MCX declined slightly in early Monday trading after falling last week due to a hawkish tone from the US Federal Reserve. August gold futures were trading at Rs 59,251 per 10 grams, down 0.17%, while July silver futures declined by 0.02% to Rs 72,670. However, prices recovered at the end of last week, due to increased European Central Bank interest rates and the falling US dollar. Investors may also buy sovereign gold bonds as the first tranche of the investment option is available, opening for subscription from 21 June.