Gold declined on Monday as holdings in the fourteen largest gold-backed exchange-traded products dropped the most in 32 years falling by 32% to 1,813.7 metric tons this year, while last year ETP gold investments recorded $148 billion, the highest increase since 2001. Gold for immediate settlement traded at $1,234.6 an ounce as of 12:32 p.m. Singapore time, 36% less from September 2011.