Gold futures on the COMEX division of the New York Mercantile Exchange on Monday went up slightly on strong demand for the precious metal.

The most active gold contract for June delivery rose 3.8 dollars, or 0.26 percent, to settle at 1,468 dollars per ounce.

Demand for the physical form of gold remained strong. While Chinese people have remained robust buyers of physical gold, Indians have joined the buyers' line ahead of the Akshaya Tritiya festival which falls on May 13, holding gold prices up.

The U.S. Mint in April temporarily suspended sales of some American gold bullion coins because of surging demand.

Market analysts believe that the price of 1,475 dollars per ounce will be a key level for gold, as the precious metal so far has been unable to stand above that level.

Silver for May delivery dropped 5.9 cents, or 0.25 percent, to close at 23.955 dollars per ounce. Platinum for July delivery gained 6.5 dollars, or 0.43 percent, to close at 1,507.7 dollars per ounce. Endi

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