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KARACHI: The per tola gold price on Thursday witnessed a decrease of Rs2,050 to Rs104,300 in the domestic market.
All Pakistan Jewelers Manufacturers Association Chairman Muhammad Arshad said that the rate of 10 grams of gold decreased by Rs1,756 to Rs89,420.
In the international market, gold rose on Thursday, buoyed by lower U.S. Treasury yields, but a firm dollar limited bullion’s advance and kept it near a nine-month low.
Spot gold was up 0.5 percent at $1,719.67 per ounce at 1228 GMT, having dropped on Wednesday to its lowest since June 9 at $1,701.40. U.S. gold futures rose 0.1% to $1,717.70, according to Reuters.