Gold Loses Rs. 20,000
Gold rates in Pakistan fell 5th day in a row on Saturday, taking the total drop previously five sessions to Rs.
Gold rates in Pakistan fell 5th day in a row on Saturday, taking the total drop previously five sessions to Rs.
Article outline
- What happened
- The key numbers
- The details
- The bottom line
Key points
- The international cost of gold fell by $25 to $3, 995 per ounce.
- While 10 grams of silver fell by Rs, 5, 858.
- The cost of 10 grams of 24-karat gold fell by Rs.
- When the cost per tola crashed by Rs, the biggest fall came on Friday.
- When it briefly crossed Rs, the latest slide has wiped out the gains gold created in the first half of October.
For context, the cost of 24-karat gold went down by Rs. 2, 500 to Rs. 422, 036 per tola, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
In practice, the cost of 10 grams of 24-karat gold fell by Rs. 2, 144 to Rs. While 10 grams of 22-karat gold dropped by Rs, 361, 827. 1, 966 to Rs. 331, 686. Khawaja Asif Mocks Ed Miliband. 5 Straight Days of Losses.
When gold dropped by Rs, the losing streak began on Tuesday. 3, 600 per tola. It slipped another Rs. 900 the next day and Rs. 3, 000 on Thursday.
When the cost per tola crashed by Rs, the biggest fall came on Friday. 7, 000 to Rs. 424, 536. Saturday's decline continued to the discount.
Gold was trading at Rs. 439, 036 per tola before the slide began. It is now regarding Rs. 20, 000 below its monthly peak of Rs. 442, 036, recorded on October 10.
Last week, gold rates kicked off closing below key levels in the local market. International Rates Below $4, 000.
Meanwhile, the local market followed the global trend. The international cost of gold fell by $25 to $3, 995 per ounce.
Silver rates additionally eased. Silver per tola dropped by Rs. 7 to Rs. While 10 grams of silver fell by Rs, 5, 858. 6 to Rs. 5, 022.
When it briefly crossed Rs, the latest slide has wiped out the gains gold created in the first half of October. 442, 000 per tola. Stay Connected with ProPakistani.
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For now, gold Loses Rs. 20, 000 remains the part of the story worth watching, and further updates are likely as more details are confirmed.
