Mubasher: Gold prices rose on Thursday as the decline in stock markets helped increase demand for safe havens including the precious metal despite a strong performance by the US dollar against major currencies.

The yellow metal received a strong support after the Chinese stock exchange fell to its lowest level since 2014, while Wall Street is nearing another group fall of its main indices.

Gold futures for December delivery increased by 0.2% and settled at the level of 1,230.10 per ounce.