ISLAMABAD: Gold price decreased for the second straight week by 1.84 percent amid a worsening demand outlook due to strong US dollar and firm bond yields. Broad-based US dollar strength and a sharp upsurge witnessed in the Treasury bond yields kept non-yielding gold under pressure. The gold futures closed the week on a negative note in the international market at $1,896.70 from $1,932.30 per ounce, shedding $35.60 on a week-on-week basis. The price of 10 grams of 24-carat yellow metal in Pakistan, meanwhile, decreased by 2.91 percent (Rs3,300) to Rs113,300 from Rs116,600 during the last week. TLTP
