Observe Report Islamabad
Gold prices in the international market fell on Thursday, pulled lower by firm US treasury yields and uptick in dollar index.
At 1310 hours GMT, gold in the international market was trading at $1,775.20 an ounce after shedding $7.30 an ounce in its value as compared to its closing value on Wednesday last.
However, the price of yellow metal in the country went up due to overnight adjustment between local and international prices.
The price of 10 grams yellow metal was recorded at Rs87,600 after gaining Rs600. The price of 10 grams gold was recorded at Rs87,000 on Wednesday last.
Benchmark US 10-year Treasury yields rose above 1.6 percent, increasing the opportunity cost of holding non-yielding bullion.
The dollar index rose 0.1 percent against its rivals, making gold less appealing for other currency holders.
