Gold price rose on a weaker U.S. dollar. The greenback declined against other currencies after the release of the U.S. industrial production data. The Federal Reserve released its industrial production report on Friday. The U.S. industrial production fell 0.2% in September, in line with expectations, after a 0.1% decline in August. August's figure was revised up from a 0.4% drop.

The drop was mainly driven by a fall in the mining output, which plunged by 2.0% in September.

Manufacturing output was down 0.1% in September, while utilities production increased 1.3%.

Capacity utilisation rate decreased to 77.5% in September from 77.8% in August, beating expectations for a decline to 77.4%. August's figure was revised up from 77.6%.

December futures for gold on the COMEX today rose to 1184.80 dollars per ounce.