New York gold futures dropped 1 percent Thursday as a better stock performance by U.S. banks dented safe-haven demand, but lingering economic uncertainties should provide underlying support to bullion prices, traders said. For the latest detailed report, click on [GOL/]. GOLD * Gold for June delivery GCM9 fell $10.50, or 1.1 percent, to $883.00 an ounce at 9:37 a.m. EDT (1337 GMT) on the COMEX division of the New York Mercantile Exchange. * Ranged from $882.30 to $895.00. * U.S. stocks rose after U.S. bank JPMorgan & Chase posted better-than-expected quarterly earnings, dampening flight-to-quality buying in the gold market. [.N] * Volume in gold futures stayed subdued because of the Passover holiday, but June futures remained in a bullish trend - New York commodities broker. * Unless equities clearly started rallying, gold will be supported by a still battered economy and inflation worries down the road - New York broker. * Gold expected to seesaw between its ability to weather equity market strength, and pressure from weak physical and investment demand - Tom Pawlicki, precious metals and energy analyst at MF Global. * Indian jewelry sales continued to pick up on Thursday ahead of the Hindu festival of Akshaya Tritya, an auspicious day for gold buying, but volume was not huge - India's gold wholesaler. * Gold/oil ratio at 17.8 on Thursday, compared with 18.0 in the previous session. * COMEX estimated 9 a.m. electronic futures volume at 23,002 lots. Floor volume was not available due to a technical glitch. * Spot gold traded at $881.65 an ounce, down 1.1 percent from its late Wednesday quote in New York. * The London morning gold fix was $889.00 an ounce. SILVER * COMEX May silver SIK9 down 43.0 cents, or 3.3 percent, at $12.370 an ounce, following gold's weakness. * Ranged between $12.525 and $12.800. * COMEX estimated 9 a.m. electronic futures volume at 3,737 lots. Floor volume unavailable due to technical problem. * Spot silver was at $12.38 an ounce, down 3.0 percent from its previous finish. * The London silver fix at $12.650 an ounce. PLATINUM * NYMEX July platinum PLN9 down $4.10 at $1,220.90 an ounce as investors took profits on the sharp gains posted earlier this week. * Platinum group metals are used in catalytic converters to clean exhaust fumes for vehicles. * Spot platinum at $1,212.00 an ounce, down 0.4 percent from its late Tuesday quote. PALLADIUM * June palladium PAM9 dropped $3.35, or 1.4 percent, to $235.15 an ounce in sympathy with platinum's decline. * Spot palladium was at $233.00 an ounce, down 0.6 percent from its previous finish.

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