Gold rises on renewed Greek debt fear

CHICAGO, April 6 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange ended higher on Tuesday, as market spooked by reports about Greece. Sliver and platinum both dropped.

The most active gold contract for June delivery rose 2.2 U.S. dollars, or 0.2 percent, to finish at 1,136.0 dollars.

Greece may seek to amend the IMF-EU aid plan and bypass the IMF, with concerns that IMF would impose tough conditions, according to a report. Although Greek officials have denied they intended to renegotiate the deal, it caused investors worries about the Greek fiscal outlook resurfaced.

A separate report said that rich Greeks and big companies have been transferring their funds to international banks recently.

The growing uncertainty about the Greek debt crisis increased gold's appeal as a safe-haven asset.

Meanwhile, since jewelers of India, the world largest gold consumer, have continued to prepare for the April-May Wedding season, the global physical demand for gold remained strong, which has also helped lift gold price.

May silver was down 18.7 cents to 17.931 dollars per ounce. July platinum declined 5.3 dollars to 1704.5 dollars an ounce.