Gold down 16pc in international trade

ISLAMABAD: The gold rates in international trade have gone down by sixteen percent in last two days however Pakistan saw mere seven percent decline in gold rates. Gold traded in London at US$852.50 per troy ounce, down from US$871.50 late Thursday, Geo reported. While, on the contrary to international trade, 10 gm gold rates went down to Rs. 20,528 from Rs. 22,150. Experts are of the view that local markets follow the hike in gold rates but remain aside as gold rates decline in International market.