Mubasher: Gold prices rose on Thursday to its highest level in two and a half months, gaining around $34 amidst strong selling pressures in stock markets and more investors seeking safe havens.

The mixed performance by the US dollar also supported the gains of the precious metal for the third session in a row.

Gold futures for December delivery jumped by 2.9% or $34.20 to the level of $1,227.60 per ounce.