Gold prices remained stable on Monday in the domestic market of Pakistan despite an increase in international gold prices.

The price of gold remained flat at Rs223,600 per tola. Similarly, the price of gold 10 grammes was recorded at Rs191,701.

Meanwhile, gold edged down in the international market after scaling a record high on Monday, with growing confidence that the US Federal Reserve would cut interest rates early next year keeping bullion well above $2,000, Reuters reported.

Spot gold slipped about 0.1% at $2,068.39 per ounce by 1036 GMT. US gold futures also fell 0.1% to $2,087.20.

Silver slipped 1.1% to $25.14 per ounce, palladium fell 2% to $979.94, and platinum dipped 1.1% to $923.01.