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Gold rate drops by Rs300, sold at Rs 110,500 per tola on Dec. 03

Arhama Altaf

03rd Dec, 2020. 06:05 pm
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A single tola of 24-karat gold in Pakistan was sold at Rs110,500 on December 3 at the closing of the bullion market after the precious metal’s price decreased by Rs300 during the intra-day trading.

Likewise, 10 grams of 24k gold was sold at Rs94,736 at the closing of trading.

Meanwhile, 10 grams of 22k gold was traded for Rs86,841 with the 1 tola of 22k gold being traded at Rs101,291 at the closing of trading.

Key Factors That Drive The Gold Rate

Overall global demand for gold derives, gold rates in Pakistan. The jewellery-making industry uses gold on a very large-scale. In Asian communities, gold is considered as wealth and does transfer from one generation to the second generation. The gold prices are increased if the global demand is increased. The fluctuation in the USD also drives the gold price and is directly linked if USD goes up, the gold price also see hikes.

Find the latest Gold prices updated on BOL news’s official website. The standards of gold rates are accumulated in London Bullion Market and sometimes by IMF as they have the sole authority.

BOL News keeps an eye on today’s gold rate in Pakistan on daily basis.

Gold rate drops by Rs300, sold at Rs 110,500 per tola on Dec. 03

Arhama Altaf

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