Gold rates drop by Rs.600 to settle at Rs.103,500 per tola

MG News | April 12, 2021 at 05:13 PM GMT+05:00

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April 12, 2021 (MLN): The demand for safe-haven fell today in the domestic bullion market as the price of 24-karat per tola gold dropped by Rs 600 to close at Rs.103,500 per tola. In the previous session, the yellow metal had closed at Rs 104,100 per tola.

According to the Karachi Sarafa Association, the price of 10-gram of 24-karat gold also dipped by Rs 514 to settle at Rs 88,735.

On the other hand, the silver prices remained stable as single tola and 10-gram of 24-karat silver were available at Rs.1,360 and Rs.1,165.98 respectively.

In the global market, gold prices declined by $3 to $1,741 per ounce against the previous closing of $1,744, while silver was valued at $25.20 per ounce.

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