During today's trading gold declined as investors digested the latest US statistical data, as well as the comments of the European Central Bank President Mario Draghi.

As shown by official data, the number of applicants for unemployment claims in the US fell to a six-week low, which is associated with a healthy labor market.

US Department of Labor said the number of initial applications for unemployment benefits for the week ending September 3 fell by a seasonally adjusted 4,000 to 259,000 from 263,000 the previous week. Analysts had forecast a decline of 2,000 to 265,000.

The cost of the October futures for gold on COMEX is trading in the range of $ 1341.8 - $ 1349.5 per ounce.