Gold prices steady as dollar weakness counters rate-hike bets

Gold loses traction, price drops by Rs50 per tola

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Karachi: Gold prices in Pakistan retreated on Friday as investors sought cover from geopolitical uncertainty, inflation and its impact.

The precious commodity fell around Rs 50 per tola and Rs 43 per 10 grams to Rs 128,800 per tola and Rs 110,425 per 10 grams, respectively.

Pakistan’s currency fell after gaining 0.19% against the dollar in the interbank market.

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