Gold skids to Rs102,700 per 10gm

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Gold prices inched up after going down in early session amid retreating US bond yields and a weaker dollar.

As of 1325 hours GMT, gold in the international market was available at $1,828.30 per ounce, gaining $1.70. The price of 10 grams of yellow metal in Pakistan, meanwhile, decreased to Rs102,700 after shedding Rs700.

Gold in the local market was available at Rs103,400 on Thursday last. Local gold prices decreased due to overnight change in the gold prices when the local market was closed.

Moreover, the Pakistani rupee made some gains against the US dollar during the day, which also impacted local prices negatively. According to experts, gold reversed an intraday dip and stalled the overnight pullback from over a two-week high. —TLTP

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