KARACHI: Gold rates in the local market decreased by Rs200 to Rs90,150 per tola on Thursday.
Similarly, the rate of 10 grams of yellow metal also registered a drop of Rs170 and traded at Rs77,289.
Meanwhile, Gold prices edged lower in the global market, consolidating near the $1,550 level, ahead of a policy decision by the European Central Bank, although mounting concerns over a virus outbreak in China limited losses.
The euro zone’s central bank will announce its monetary policy decision at 1245 GMT.
Spot gold was down 0.2% at $1,556.20 per ounce by 0855 GMT. U.S. gold futures fell 0.1% to $1,555.90.