Gold prices fell as optimistic with regard to Greece, subsided, and fears for Spain and Italy have increased. Markets are waiting for the results of the U.S. Federal Reserve meeting, which will take place this week.

Lower prices at the beginning of the session caused a rise in demand for gold in India - the world's largest consumer of precious metals, dealers said. In the coming months, the demand will remain low, as in the monsoon season does not go through the major holidays.

Stocks of the world's largest gold ETF-secured fund SPDR Gold Trust last week rose by 2.6 tons.

The June gold futures on the COMEX today fell to 1615.0 dollars per ounce.