Gold prices exhibit a much awaited decline in Pakistan

By Kashif Saeed - Web Editor

31st August, 2019

Gold rate has exhibited a decline of 700 rupees, in the Sarafa markets of multiple cities.

According to details, there has been a noticeable fall of 6 Dollars per ounce in the Global Billion Market, reaching to 1520 Dollars per ounce.

In the Sarafa markets of Hub, rates of per tola and 10 grams of gold have fallen down 600-700 rupees.

Rates of gold have fallen down to 88,800 rupees in the Sarafa markets of Karachi, Hyderabad, Sukkur, Multan, Lahore, Faisalabad, Rawalpindi, Islamabad, Peshawar and Quetta.

Whereas, rates of silver remain stable in Pakistan, i.e. 745 for 10 grams and 15.57 dollars per ounce in the international market.

Last week, Gold rates flew high in the Sarafa markets of multiple cities, after a stable time period.

According to details, there had been a noticeable rise in the gold rates even though the dollar prices slid down this week.

Dollar slid down 1 rupee and 14 paisas against rupee this week. After which, dollar rates fell down from 158 rupees 66 paisas to 157 rupees 52 paisas.

Likewise in open market, Dollar weakened 1 rupee 40 paisas and slid down to 157 rupees 90 paisas from 159 rupees 30 paisas.

On the other side, gold rates of one tola and 10 grams shot up in the Sarafa markets.

According to reports, gold rates touched fresh high of 1450 and 1243 rupees. Whereas, in the international market, per ounce gold raised up to 32 dollars in just one day.

In different Sarafa markets of country, including Karachi, one tola gold was sold at 88,550 rupees. And 10 grams of Gold was sold at 75,917 rupees.

Whereas, rates of silver remained stable i.e. 1110 for one tola and 951 rupees and 64 paisas for 10 grams silver.

A noticeable fall of 2650 rupees was recorded previously in the gold rates in that business week.

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