Observer Report Islamabad
Gold prices remained flat in the international market on Monday despite an uptick in the dollar and falling US bond yields.
At 13:45 GMT, gold in the international market was trading at $1,781.90 an ounce after shedding $0.60 in its value as compared to its closing value on Friday last.
Meanwhile, the price of 10 grams of yellow metal in Pakistan decreased to Rs90,200 with a loss of Rs200. The price of yellow metal in the country remained Rs90,400 on Friday.
According to ana-lysts, inflation has been on the rise in recent weeks, and traders are awaiting confirmation from the US data this week on continuous strengthening in the price levels.
A weaker-than-expected US jobs report last week has quelled expectations of an early taper-ing in the Fed’s stimulus.