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Gold price goes down by Rs285 per tola

Gold price goes down by Rs285 per tola

KARACHI: The Gold price in global market decreased followed by lack of interest by international and domestic buyers. The price of goldwent $35 an ounce down as compared to previous business session and stayed at $1,304 an ounce while domestic gold price observed descending trend.

As per details, Gold in tola term went down by Rs 285 per tola and stabilized at Rs 48,193 per tola while in gram value, gold lost Rs 104 per ten grams value to lock at Rs 41,361 per ten grams respectively on last day, dealers said.
Moreover, leading traders in international and domestic marketplace were careful on future output however buyers in India and Pakistan remained busy in hedging.
The gold hedgers made some alerted deals this week. The general buyers take save sides predicting further easing in price in coming days on dollar-rupee equality. Buyers made deals to fill their immediate needs.