NEW YORK (TheStreet) -- Spot gold prices have firmed up Monday afternoon as a Greek rescue plan worth $147 billion was proposed and announced by European finance ministers Sunday and the debt-laden country agreed to live up to tough austerity measures.

Spot gold prices were inching up by $3.50, or about 0.3%, to $1,182.80 an ounce Monday afternoon.

Over the weekend, jewelry buyers in India "steered clear of their local bazaar ... following gold's momentum and fund-driven price spike to five-month highs on Friday," Kitco analyst Jon Nadler wrote in his daily metals report Monday.
Most Recent Quotes from www.kitco.com

New York spot silver prices were rising about 20 cents, or 1.1%, at $18.84.
Most Recent Quotes from www.kitco.com

New York spot platinum prices, meanwhile, were losing $13, or 0.8%, to $1,726 an ounce, while its sister metal was losing traction.


New York spot palladium prices were falling $4, or 0.7%, at $545 an ounce.

Most Recent Quotes from www.kitco.com

A handful of mining stocks have been trading in the red Monday afternoon. Mining stocks offer another form of exposure to precious metals.

Stillwater Mining ( SWC) has fallen 2.3% to $16.52 and Newmont Mining ( NEM - Get Report) has tumbled 2.3% to $54.78.

Meanwhile, Freeport-McMoRan Copper & Gold ( FCX - Get Report) has lost 3.1% to $73.21 and North American Palladium ( PAL) has fallen 3.4% to $4.49.

-- Reported by Andrea Tse in New York

RELATED STORIES:




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

-- Reported by Andrea Tse in New York

RELATED STORIES:

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

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.