Gold pulls back sharply as dollar strengthens

Gold pulls back sharply as dollar strengthens

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KARACHI: The price of 24 karat per tola gold witnessed sharp decline of Rs 7,800 and was sold at Rs 124,000 in the local market on Wednesday against its sale at 132,000 the previous day.
The price of 10 gram 24 karat also decreased by Rs 6687 to Rs 106,481 against its sale at 113,168 whereas that of and 10 gram 22 karat decreased to Rs 97,608 from Rs 103,728. The price of per tola silver decreased by Rs 40 to Rs 1,480 from Rs 1,520 whereas the price of ten gram silver declined by Rs 34.29 to Rs 1268.86 from Rs 1,303.15. The price of gold in international market decreased by $15 to $1,789 from its sale at $1,804.