Gold prices which gained marginally last week, having the best week in three, managed to show some modest gains in early trade.
Spot gold was up 0.03 per cent at $1265.70 an ounce, which was almost little changed over Friday's close.
In fact, analysts are waiting for some clue from interest rates in the US and to see if the US Federal Reserve does hike interest rates in December.
Gold prices are extremely sensitive to interest rates and any hike in the rates in December in the US could lead to a drop in gold prices.
Already, gold has rallied significantly since the start of the year.