India, July 20 -- Gold prices are nearly flat on Monday amid concerns about the chances of a high interest-rate environment in the U.S. in the near-term due to oil-linked inflationary pressure while investors assessed reports hinting at the possibilities for peace talks between the U.S. and Iran.

Front Month Comex Gold for August month delivery has ticked lower by $3.60 (or 0.09%) to $4,015.20 per troy ounce.

However, the Front Month Comex Silver for August month delivery has soared by $0.745 (or 1.33%) to $56.878 per troy ounce.

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