ISLAMABAD
Gold price tanked on Tuesday amid strengthening dollar as the US treasury bond yield hit monthly high of 1.667 percent. Gold in the international market was available at $1,789.70 per ounce after shedding $15.80 at 1645 hours GMT. Meanwhile, the price of 10 grams of yellow metal in Pakistan decreased to Rs100,700 with a decrease of Rs2,900. Gold in the local market was available at Rs103,600 per 10 grams on Monday last. The relatively higher decrease in the gold price in the local market was due to appreciation of the Pakistani rupee against the US dollar.
