Gold price decreases to Rs97,100 per 10gm


Gold price inched up on Friday for the third straight day amid a weaker US dollar.At 1235 hours GMT, gold in the international market was available at $1,796.60 per ounce after gaining $1.40. The rebound in gold price comes on the heels of a broad retracement in the US dollar from the weekly tops.

Meanwhile, the price of 10 grams of yellow metal in Pakistan decreased to Rs97,100 after shedding Rs100. The closing prices of the yellow metal in the country remained Rs97,200 on Thursday last.

The reverse change in local prices of gold is due to the overnight change in gold prices in the international market.
According to experts, the US dollar extended its retracement slide from one-week tops touched on Wednesday.

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