The decision followed disturbances yesterday in Israeli-annexed east Jerusalem where police used stun grenades, water cannons and mounted officers against Palestinians who hurled rocks during protests marking the anniversary of Israel's foundation in 1948.
"A decision was taken after the past 24 to 48 hours of incidents...And measures have been taken to prevent incidents on the Temple Mount," police spokesman Micky Rosenfeld told AFP, using the Jewish term for the compound in the walled Old City, which houses the Dome of the Rock and Al-Aqsa mosques.
Rosenfeld said that there had been no reported disturbance there today and the limitation of visitors was a preemptive move which would be reviewed later in the day.
"At the moment it's quiet and we want it to continue to be quiet," he said.
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There were scuffles at the site last week as Israelis celebrated their capture of the Arab eastern sector of Jerusalem from Jordan in the 1967 Six Day War.
Around 160,000 stayed behind and took Israeli citizenship. They and their descendants number about 1.3 million people, or some 20 percent of Israel's population.