KARACHI: Gold price decreased on Thursday as the rupee stabled its position from its low point, Gold fell by Rs100 to close at Rs124, 000 per tola compared to a rise in the international market trends.

Previously, Gold closed at Rs124, 100 per tola and Rs106, 396 per 10 grams.

However, the international market saw an upward trend in the gold price on Thursday as the dollar alleviated.

Whereas, the price of gold in the international market decreased by $2, settling at $1,790.

“As markets price in some monetary policy normalisation that should weigh on gold in the short term. But major central banks are unlikely to aggressively hike rates given the financial burden of higher interest rates and large government debt accumulated” said Hitesh Jain, lead analyst at Mumbai-based Yes Securities.

For the moment, the silver prices in the national market continued unaffected at Rs1,460 per tola and Rs1,251.71 per 10 grams.