Gold price falls by RS250 in global market

By Arhama Altaf - Web Editor

19th August, 2019

After hitting the historic high, the gold prices on Monday declined by Rs850 per ounce and currently trading at Rs88100.

The per ounce price of gold reached at 88,100 after witnessing a decrease of Rs850 while the price of 10 grams of gold also declined by Rs728 and currently trading at Rs75531.

On the other hand, the Pakistan Stock Exchange (PSX) witnessed bullish trend on Wednesday as the benchmark KSE 100 index gained 797 points to close at 29,562.

It must be noted that Gold prices on Friday reached historic high and traded at Rs89,000 per ounce after an increase of Rs600 per ounce.

According to Pakistan Jewelers Association (PJA) chairman Muhammad Arshad, the domestic gold price had been showing an upward trend because of an increase in the gold price in the global market, which has now reached $1515 per ounce.

Earlier, the price of 24 karat gold dipped by Rs900 and was traded at Rs83,100 per tola as compared to the last closing at Rs84,000.

The price of 10 gram gold also witnessed decrease of Rs771 and was traded at Rs71,245 against Rs72,016 of last day.

The price of silver however remained constant and was traded at Rs1110 per tola and that of 10 gram was traded at Rs951.64.

In international market the price of per ounce gold decreased by $24 and was traded at $1407 as compared to the last closing at $1431.

Gold prices within the country had decreased despite increase in global market.

 


You May Also Like

tech giant
18th Feb, 2020

Tech Giant Apple warns disruption in iPhone sales in China

The Tech Giant Apple has warned that disruption in China from the...

Oil prices look
18th Feb, 2020

Oil Prices look to cuts over economic impact of coronavirus

Oil prices look to cuts on Tuesday nagging concerns over the economic...

Currency Rates in Pakistan 18 feb
18th Feb, 2020

Today’s Currency Rate In Pakistan On 18 February 2020

Latest Currency Rates & Gold Rates Are Available At Bolnews. The price of...

Gold rates in pakistan february
18th Feb, 2020

Gold Rates: Today’s Gold Rate In Pakistan, On 18 February 2020

Latest Gold Rates And Currency Rates Are Available At Bolnews. The Gold...


Latest News

Interior Minister Ijaz Shah
17th Feb, 2020

Interior Minister confirms escape of Ehsanullah from state’s custody

Interior Minister Ijaz Shah confirmed on Monday that former spokesperson of Tehreek-e-Taliban...

blast in quetta
17th Feb, 2020

Blast in Quetta at Shara-e-Iqbal kills 7, injures 16

QUETTA: Seven people killed and at least 16 people were injured in...

Dollar rates in pakistan today
15th Feb, 2020

Dollar Rates: Dollar Rate In Pakistan Today, On 16 Of February 2020

Today’s Dollar Rate in Pakistan on 16 February 2020, Dollar rates in...

15th Feb, 2020

Prayer timing in karachi, Today’s Namaz Time (Updated February)

Namaz/Prayer is an important part of Islam and offering prayers 5 times...