10gm gold price rises by Rs500

ISLAMABAD: Gold futures remained flat on Monday after making over one percent gain in the early trading, as rising US bond yields have hurt the demand for safe haven.

Resultantly, the price of yellow metal in the country witnessed an increase and 10 grams yellow metal was available at Rs88,900 after a gain of Rs500. The closing price of 10 grams gold was recorded at Rs88,400 on Friday last.

Meanwhile, gold price in the international spot market went slightly up and it was available at $1,741.40 an ounce at 1150 hours GMT after gaining $4.80 an ounce in its value as compared to its value on Friday last. – TLTP

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