LONDON, May 28: Gold prices rose in Europe on Monday.

Spot gold was up 0.3 per cent at $1,577.76 an ounce at 1150 GMT, while US gold futures for June delivery were up $8.30 an ounce at $1,577.20. The precious metal fell 1.1 per cent last week.

The euro bounced off a two-year low to rise 0.1 per cent early on Monday, as fears over a potential Greek exit from the euro zone subsided.

Gold prices in India tracked the spot price higher. —Reuters