Gold price falls to five-year low

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KARACHI: Gold price on Tuesday slipped to five-year low. Gold fell to 44,700 rupees per Tola in local market.

Gold price decreased by 800 rupees per Tola and 686 rupees per 10-grams  in local market on Tuesday.

Sources said that Gold and silver prices slipped as International market expect that US Federal Reserve would raise interest rate this year.