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(FILES) - Gold bars are pictured on April 6, 2009 at a plant of gold refiner and bar manufacturer Argor-Heraeus SA in Mendrisio, southern Switzerland. The price of gold hit a record high above 1,100 dollars an ounce in trading on November 6, 2009 in London following a report that Sri Lanka had joined India in purchasing the precious metal in favour of the US currency. AFP PHOTO / SEBASTIEN DERUNGS (Photo credit should read SEBASTIAN DERUNGS/AFP/Getty Images)

(FILES) - Gold bars are pictured on April 6, 2009 at a plant of gold refiner and bar manufacturer Argor-Heraeus SA in Mendrisio, southern Switzerland. The price of gold hit a record high above 1,100 dollars an ounce in trading on November 6, 2009 in London following a report that Sri Lanka had joined India in purchasing the precious metal in favour of the US currency. AFP PHOTO / SEBASTIEN DERUNGS (Photo credit should read SEBASTIAN DERUNGS/AFP/Getty Images)

Gold rates down Rs100 per tola

byCT Report
17/01/2020
in Breaking News, Latest News, Markets, Stock Exchange
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KARACHI: Gold prices in the domestic market decreased by Rs100 to Rs89,300 per tola on Friday, according to media.

Likewise, the rate of 10 grams of precious yellow metal also recorded a drop of Rs86 and was traded at Rs76,560.

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Meanwhile, gold prices in the global market edged higher today but were on track to post its biggest weekly drop in two months as a long awaited U.S.-China Phase 1 trade deal fuelled risk appetite, Reuters adds.

Spot gold rose 0.2% to $1,555.24 per ounce by 0823 GMT, heading for a weekly drop of 0.4% – its biggest since the week ended Nov. 8.

U.S. gold futures rose 0.3% to $1,555.40.

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