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.

Aimen Bukhari
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

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement

Facebook

International

The 6-3 ruling overturns a nearly century-old New York statute that required a person to show a valid self-defence prerequisite, or "proper cause," in...

Latest Updates

Chairman NADRA hoped that the census app shall also have online and offline support with seamless data synchronisation feature which will support PBS at...

International

A few weeks ago, the United States has warned North Korea of conducting any more nuclear tests, but the officials of N. Korea seemed...

Economy

According to NAB, Gen. (Retd) was facing corruption charges involving an amount of $753 million in the Tarbela Fourth Hydropower project.

Copyright © 2021 The Truth International