ISLAMABAD: Gold fell sharply on Tuesday amid hopes of geopolitical de-escalation at the Ukraine-Russia border and strong US Treasury bond yields. As of 1320 hours GMT, gold in the international market was available at $1,852 per ounce, shedding $19.40. Out of a $19.40 per ounce decrease, +$6.05 was due to the dollar’s weakness and -$25.45 was due to predominant sellers. The price of 10 grams of yellow metal in Pakistan, meanwhile, increased to Rs105,000 after gaining Rs300. Gold in the local market was available at Rs104,700 on Monday last. TLTP
