Gold declined on Monday as holdings in exchange traded products (ETP) fell 0.6% last week reaching its weakest level since August 2012 at 2,434.436 metric tons, which curbed demand for the precious metal. Bullion for the delivery in April dropped 0.3% to $1,575.83 an ounce and it was traded at $1,579.05 at 11:52 a.m. Singapore time, after it touched it highest since April 2 at $1,583.20.