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Oct. 16, 2012 / 5:58 PM

Gold closes higher

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NEW YORK, Oct. 16 (UPI) -- Gold for December rose Tuesday on the Comex division of the New York Mercantile Exchange as the dollar index dropped 0.58 percent.

Gold closed at $1,749.10 per troy ounce and silver added 22 cents to $32.96.

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The euro rose to $1.309 from Monday's $1.2949. The British pound rose to $1.6124 from $1.6071. The Canadian dollar fell to 98.65 cents, while the Australian dollar rose to $1.029 from $1.0254. The U.S. dollar rose to 7.7513 Hong Kong dollars from 7.7512.

Against the yen, the dollar rose to 78.89 yen from 78.66 yen.

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