The price of gold on Monday rose more than 1% - the statements of the U.S. Federal Reserve Chairman Ben Bernanke reinforced hopes for new measures to support the American economy from the regulator.

The head of the U.S. Federal Reserve on Monday expressed the view that the soft monetary policy in the U.S. can accelerate the growth of industrial production and increasing demand from consumers, which will lead to further improvement in the labor market.

Bank UBS said the reduction in demand for gold in China, as indicated by the small volume of trading on the Shanghai Gold Exchange. Imports of gold in India - the world's largest market of precious metals - can be reduced by a third this year due to the doubling of import duty, according to analysts polled by Reuters.

April futures price of gold on COMEX today rose to $ 1687.8 an ounce.