Mubasher: Gold prices rose on Wednesday for the first time in five sessions, supported by a weak performance by the US dollar.

The precious metal futures for December delivery rose by 0.7% or $8.70 to settle at the level of $1,210.10 per ounce, after falling on Tuesday to its lowest level in more than a month.

Silver futures also went up by 10.3 cents, or 0.7%, to $14.08 an ounce, after falling yesterday to its lowest closing since January 2016.

Last month, inflation in the United States reported its highest increase since January, as shown by the consumer price index data released earlier.