Investors' appetite for gold showed signs of slackening. Holdings of the world's biggest gold-backed exchange-traded fund, SPDR Gold Shares, slid more than 19 tonnes last week, its biggest weekly outflow in four months.
Speculators cut their net long position in COMEX gold for the first time in four weeks in the week to Nov. 15, and also reduced it in silver, U.S. Commodity Futures Trading Commission data showed on Friday.
However, gold premiums in India, the second largest consumer of the precious metal, jumped to two-year highs last week as jewelers ramped up purchases on fears the government might curb imports after withdrawing higher-denomination notes from circulation.
"Low prices have induced some interest in the physical market," ANZ analyst Daniel Hynes said.
Among other precious metals, silver was up 0.5 percent at $16.67 an ounce, while platinum was 1.1 percent higher at $930.20, and palladium was up 0.5 percent at $728 an ounce.