Mubasher: Gold prices nudged up on Wednesday, while China’s consumption of gold is still growing up.

Gold rose for the third session in a row by 0.16% to $1129.20 per ounce at 11:37 GMT, sticking near the 3-month high it hit on Tuesday.

Meanwhile, silver prices edged up by 0.74% to $14.400 per ounce.

Total gold consumption in China rose by 3.66% to 985.9 tonnes last year, China Gold Association said, adding that the Chinese production decreased 0.39% to 450.05 tonnes.