Gold price falls to Rs97,300 per 10gm


Gold prices edged lower in the international market on Monday after going up in the early trading.

At 1335 hours GMT, gold in the international mar-ket was available at $1,813.90 per ounce after shed-ding $3.90.

Meanwhile, the price of 10 grams of yellow metal in Pakistan decreased to Rs97,100 after shedding Rs200. The closing prices of the yellow metal in the country remained Rs97,300 on Friday last.

According to experts, gold price recovered from fresh session lows of $1812 reached in the early hours, although remains well off the four-week highs of $1823.

They said that gold price takes a breather, allowing room for more upside towards the $1830 round figure.

However, gold price will face resistance at $1823. Adding credence to a potential move higher, the Relative Strength Index (RSI) is edging higher.—TLTP

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