Gold prices fell during Monday's dealings in anticipation of important economic events this week, most notably the Federal Reserve (Fed) meeting.
By 9:25 a.m. GMT, the price of the gold futures contract dropped from April to about 0.2 percent to 1310.2 dollars per ounce.
The rate of immediate delivery of yellow metal at $1311.1 per ounce was also reduced by 0.2%.
Last week, gold recorded losses of about 0.9%, coinciding with the strength of the US dollar.
Investors are waiting for the Federal Reserve Bank meeting this week, as it is estimated that the bank will take a decision to raise the interest rate at the meeting.
The Bank of England is also holding its monetary policy meeting on Thursday, without expecting to take a decision to change its monetary policy.