Gold price declines in local, intl markets

Downfall in the price of gold in international and national markets was seen after IMF announced to sale 403 ton gold. Decrease in gold price was recorded in local markets including Karachi today as per tola price closed at Rs 31,100 with a decline of 200 rupees whereas price of 10 grams declined to Rs 26,657, down by Rs 171. In the world market, gold price decreased by $13 per ounce to close at $1007.