Domestic gold falls by Rs200 a tola

Domestic gold falls by Rs200 a tola

KARACHI: Domestic gold price Pakistan slipped Thursday on the back of strengthening rupee
and low demand, bullion traders said.

Ten gram gold price Pakistan declined by Rs172 to Rs44, 700 while per tola (11.66 grams)
gold price Pakistan has cut by Rs200 to Rs52,150.

World gold prices have also witnessed a downward trend. Spot silver
fell for the fourth straight session, and was down 1.2 percent at $18.55 an ounce,
after falling to $18.51, the lowest level since June 30.

China’s silver imports in July fell 36 percent, customs data showed on Wednesday,
while platinum imports were down by nearly half. Palladium imports rose 17 percent.

Platinum was down 1.6 percent at $1,081.40 after falling below its 50-day moving average
to $1,071.20, the lowest level since July 25. Palladium fell as much as 2.8 percent to $676.97, also the lowest point since July 25.

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