Doha: Gold prices steadied on Monday, as investors moved to buy the metal after it dropped to a more than 1-1/2-month low. This decline was attributed to inflation fears that led to a significant sell-off in the global bond market.

According to Qatar News Agency, spot gold was stable at $4,536.45 per ounce, following its earlier dip to the lowest level since March 30. On the futures market, US gold futures for June delivery saw a 0.5% decrease, trading at $4,539.90.

In the broader precious metals market, spot silver experienced a decline of 1.3%, settling at $74.98 per ounce. Platinum decreased by 0.5% to $1,963.88, while palladium saw a 1.2% drop, trading at $1,396.14.