NEW YORK ( TheStreet) -- Gold prices fell on the spot market as concerns about Greece's debt crisis eased and pared demand for the metal as a safe haven investment.

Spot gold prices fell $10.40, or 0.9%, to $1124 an ounce.
Most Recent Quotes from www.kitco.com

Spot silver prices also dovetailed, down 14 cents or 0.8% to $17.20 an ounce.
Most Recent Quotes from www.kitco.com

Spot palladium prices followed, sinking $6, or 1.3% to $470 an ounce.
Most Recent Quotes from www.kitco.com

Spot platinum prices firmed up, rising $17, or 1.1% to $1594 an ounce.

Kitco News cites CPM Group managing director Jeffrey Christian as saying that platinum group metals are still attractive investments due to their duality and the ongoing appetite for automobiles in China and India. Christian also decalred that the platinum group metals are "industrial metals in tight supply," according to Kitco News.

Precious metals mining stocks generally hovered in negative territory Monday, as Barrick Gold ( ABX) fell 1.3% to $39.70, and Kinross Gold ( KGC) tumbled 1.4% to $18.80.

Meanwhile, Stillwater Mining ( SWC) fell 1.7% to $13.40, and North American Palladium ( PAL) lost 1.1% to $4.40.

Silvercorp Metals ( SVM), on the other hand, added 0.9% to $6.80 after announcing a new technical report that establishes proven and probable reserves of 63.4 million ounces of silver, 384,837 tonnes of lead and 117,559 tonnes of zinc at its silver-lead-zinc projects in the Ying Mining District of Henan Province, China.

-- Reported by Andrea Tse in New York

Follow TheStreet.com on Twitter and become a fan on Facebook.

Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

More from Stocks

EBay Stock Tumbles 8.9% to Hit Lowest Level in Nearly 2 Years

EBay Stock Tumbles 8.9% to Hit Lowest Level in Nearly 2 Years

Disney Is One of Jim Cramer's 10 Best Stocks for a Market Pullback

Disney Is One of Jim Cramer's 10 Best Stocks for a Market Pullback

Your Need to Know - Forward Look

Your Need to Know - Forward Look

How E-Mini S&P 500 Revolutionized Equity, Electronic Trading

How E-Mini S&P 500 Revolutionized Equity, Electronic Trading

Secular Payment Shift Offers Enough Opportunity to Go Around for PayPal, Square

Secular Payment Shift Offers Enough Opportunity to Go Around for PayPal, Square