Gold continues to fall to $1,800 an ounce

MG News | September 08, 2021 at 05:23 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 8, 2021 (MLN): Following yesterday's losing momentum, gold rates on Wednesday fell by $12 to reach $1,800 an ounce as a stronger dollar made the yellow metal more expensive for other currency holders while investors waited for a European Central Bank’s meeting where it is likely to debate about its tapering strategy.

On the domestic front, gold prices dipped in the bullion market as the price of single-tola 24 karat gold dented by Rs500 to Rs111,500 from Rs112,000 recorded on Tuesday, Karachi Sarafa Association reported.

Similarly, the price of 10-gram of 24-karat gold also dropped by Rs429 to Rs95,593 against the price of Rs96,022, while 10-gm 22 karat gold traded at Rs87,626.

However, the price of per tola and 10-gram silver remained stable at Rs1,430 and Rs1,226 respectively.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,123.57 311.88M	1.62% 2837.78
ALLSHR	107,920.53 732.98M	1.30% 1383.71
KSE30	53,163.60 110.63M	1.61% 842.62
KMI30	250,746.13 98.70M	1.61% 3970.51
KMIALLSHR	69,267.39 434.80M	1.31% 894.74
BKTi	50,530.39 33.26M	1.63% 812.16
OGTi	35,363.61 8.05M	0.68% 237.34

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,235.00	0.00 0.00	-150.00 -0.23%
BRENT CRUDE	84.82	86.25 83.83	-0.13 -0.15%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.15 -0.14%
ROTTERDAM COAL MONTHLY	118.60	118.60 118.60	-0.95 -0.79%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	79.58	80.87 78.58	-0.02 -0.03%
SUGAR #11 WORLD	14.41	14.86 14.37	-0.44 -2.96%