Gold managed to regain some positive traction on Wednesday amid a modest pullback in the US Treasury bond yields that kept the US dollar bulls on the defensive and extended some support to the yellow metal.
At 1315 hours GMT, gold in the international mar-ket was available at $1,738.20 per ounce after gain-ing $3.40.
Meanwhile, the price of 10 grams of yellow metal in Pakistan increased to Rs95,400 after gaining Rs1,000. The closing prices of the yellow metal in the country remained Rs94,400 on Tuesday last.
A relatively higher increase in local gold prices as compared to international price was due to deprecia-tion of rupee against the US dollar. —TLTP
