Connect with us

Hi, what are you looking for?

Economy

Local gold prices plummet

The decline in the price of yellow metal comes after the rupee gained pace against the major currencies, rising by Rs4.7 versus the US dollar amid prospects of the IMF rescue plan being revived.

Gold prices continued to fall in the local market for the second day in a row, falling by Rs4,600 per tola on Thursday.

According to the Sindh Sarafa Association, the price of gold settled at Rs140,700 per tola, while the price of gold per ten gramme fell by Rs3,943 to Rs120,628.

The decline in the price of yellow metal comes after the rupee gained pace against the major currencies, rising by Rs4.7 versus the US dollar amid prospects of the IMF rescue plan being revived.

After a modest decline in value, the price of the precious metal in the worldwide market was at $1,831 per ounce.

Meanwhile, 10-gramme silver prices per tola stayed constant at Rs1,560 and Rs1,337.44, respectively.

Written By

Works at The Truth International Magazine. My area of interest includes international relations, peace & conflict studies, qualitative & quantitative research in social sciences, and world politics. Reach@ aimen.bukhari@tti.org.pk

Economy

KARACHI/ISLAMABAD: The International Center for Chemical and Biological Sciences (ICCBS), University of Karachi, will help Ugandan authorities to establish a Halal Authentication Laboratory in...

Articles

Daesh gunmen killed at least 143 Russians in an attack on a concert mall in Moscow and injured dozens of others. The callous attack...

Latest Updates

The Russia’s Interior Ministry stated on Saturday that the four suspected gunmen arrested after Friday night's deadly attack were foreigners, with some media outlets...

Politics

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Sher Afzal Marwat clarified to the Federal Investigation Agency (FIA) that he did not directly accuse Punjab Chief Minister...