High-temperature superconducting (HTS) coils are typically operated in a closed-loop persistent current mode to maintain their stability and minimize heat generation. However, factors such as joint resistance, flux creep, and losses due to external fields can lead to accelerated decay of the coil's current, making it challenging to achieve an effective persistent current mode. To gain insight into the current decay characteristics of HTS coils, we built a finite-element-method (FEM) based model coupled with a lumped parameter electric circuit model. The model is initially verified against the experiment of an inductive magnetized HTS coil subject to a magnetic field perpendicular to the tape surface. The results indicate that the proposed model is highly effective in predicting the current decay behavior of this magnetized HTS coil and is able to provide high accuracy. With the help of this model, we have experimentally and numerically studied the behavior of a current-carrying closed-loop HTS coil subject to external alternating fields. The HTS coil is charged by a DC power supply and then shorted using a thermally-controlled persistent current switch. The current decay behavior of the HTS coil is examined under various scenarios. The simulation results show excellent agreement with experimental data, further validating the effectiveness and versatility of the modeling strategy. The influence of both global and local screening currents on the current decay performance of the closed-loop HTS coils has been investigated. Additionally, the resulting resistance has been thoroughly characterized. These insights contribute to the knowledge of the behavior and performance of closed-loop HTS coils, facilitating their practical application