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Gold rates down Rs100 per tola
(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

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.

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.