Gold price tumbles in Asia

Gold price witnessed bearish trend in local and international markets on Thursday. Gold prices decreased to $20 per tola in the Asian stocks. Morgan Stanley Asia Pacific and Japans Nikkei Index gained 0.8 percent and 2.70 percent respectively. Hang Seng added 108 and Shanghai Composite gained 60 points. On the other hand, the gold prices stand at $1,164 down by $20 per ounce. In the international market, gold price plunged to $1193 per ounce, down by $14.