Gold rose on Thursday after falling to one-month lows on expectations of a rise in U.S. interest rates this year, while platinum fell to a discount against palladium for the first time since 2001 on waning demand for diesel cars.

Fundamentals

* Spot gold rose 0.3 percent to $1,284.36 per ounce at 0127 GMT after it revisited the previous session's low of $1,280.72 an ounce, the lowest since Aug. 25.

* U.S. gold futures for December delivery fell 0.1 percent to $1,287.00 per ounce.

* Palladium hit price parity with its better-known sister metal platinum on Wednesday for the first time since 2001, as demand expectations for the two assets diverge.

* Gold smuggling in India, the world's second-biggest consumer of the metal, is likely to rise during the country's peak holiday season as buyers try to avoid paying a new sales tax and to dodge new transparency rules.

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