Gold price slips to Rs93,300 per 10gm


Gold price came down slightly (-0.12 percent approximately ) on Thursday despite a weaker dollar and low treasury bond yields.

As of 1100 GMT, gold was available in the international market at $1,826.10 per ounce after shedding $2.20.

Meanwhile, the price of 10 grams of yellow metal in Pakistan decreased to Rs93,300 after shedding Rs100. The closing prices of the yellow metal in the country remained Rs93,400 on Wednesday.

According to analysts, gold price slipped as the dollar clawed up in Asia trade after falling the day before as US Federal Reserve Chair Jeremy Powell signalled “powerful support” for economic recovery. —TLTP

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