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Gold price decreases Rs350 to Rs115,350 per tola

Gold price decreases Rs350 to Rs115,350 per tola

ISLAMABAD: The price of 24 karat gold decreased by Rs350 on Friday and was traded at Rs115,350 against its price at Rs 115,700.

Likewise, the price of 10 grams gold also decreased by Rs300 and was traded at 98,894 against its sale at Rs99,194 Karachi Sarafa Association reported.

The price of per tola and ten gram silver witnessed no change in prices and was trade at Rs1240 and Rs1063.10 respectively.

The gold prices in the in international market decreased by $4 and was traded at $1912 against $1916, the association reported.

On the other hand, gold imports during first quarter of current fiscal year reduced by 1.98 percent as compared the corresponding period of the last year.

According to Pakistan Bureau of Statistics (PBS), Gold imports came down from US $4,474 thousand in FY 2019-20 of last financial year to US $1,206 thousand of the same period of current financial year.

During the period from July-Sep 20 this year, imports of Aluminium wrought and worked reduced by 0.74%, worth $33,352 thousand as compared the imports valuing $33,599 thousand of same period of last year, it added.

Meanwhile, Iron and steel imports grew by 1.24%, worth $375,146 thousand as compared the imports of valuing $370,549 thousand of the corresponding period of last year.

During the period under review, all other metals and articles imports also came down by 8.79%, valuing $189,856 thousand imported as compared the imports worth $208,142 thousand of same period of last year.