Gold price rose on a weak U.S. economic data. The National Association of Realtors (NAR) released its pending home sales figures for the U.S. on Monday. Pending home sales in the U.S. rose 0.2% in October, missing expectations for a 1.5% gain, after a 1.6% drop in September.

The Institute for Supply Management released its Chicago purchasing managers' index on Monday. The Chicago purchasing managers' index dropped to 48.7 in November from 56.2 in October, missing expectations for a decrease to 54.0.

A reading above the 50 mark indicates expansion, a reading below 50 indicates contraction.

The drop was mainly driven by a fall in new orders. The new orders index was down to 44.1 in November from 59.4 in October. It was the lowest reading since March.

But gains were limited as market participants speculate that the Fed will start raising its interest rate in December.

December futures for gold on the COMEX today increased 1062.60 dollars per ounce.