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Gold Rates Depreciate in Pakistan

KARACHI: Gold rates, extending a downward trend, decreased by Rs150 to Rs90,350 per tola in the local market on Wednesday.

Similarly, the price of 10 grams of gold fell by Rs128 to Rs77,460.

Meanwhile, gold in the global market on also showed slight depreciation after a near one-week high in the previous session due to a stronger dollar and an uptick in equities as China’s factories slowly return to work amid rising death toll from the coronavirus epidemic.