Gold prices rose during trading on Monday, October 26, as lower oil prices eased concerns about inflation, while investors awaited the US Federal Reserve's monetary policy decision this week.
In trading, the spot price of gold rose by about 0.4% to $4,012.42 an ounce after hitting its lowest level since mid-July in the previous session, while the price of futures contracts for the yellow metal rose by about 0.5% to $4,028.70 an ounce.
Gold recorded a weekly decline of 4% on Friday, its biggest weekly drop since June.
