Gold rates extend decline, dip by Rs 350

MG News | February 25, 2021 at 06:30 PM GMT+05:00

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February 25, 2021 (MLN): Gold rates extended decline today, as the per tola price of 24 karat gold in the domestic bullion market dipped by Rs 350 and was sold at Rs 110,300 against the sale at Rs 110,650 reported yesterday.

Likewise, 10-grams of 24 karat gold also witnessed a fall of Rs 300 to settle at Rs 94,564 as opposed to the previous close of Rs 94,864, data provided by All Sindh Sarah Jewellers Association revealed.

On the other hand, the price of 24-karat per tole silver and that of 10-gram silver remained static at Rs 1,420 and Rs 1,217.42 respectively.

In the international market, the risk-on rally in equities diminished the demand of yellow metal, as gold price fall by USD 19 and was available at USD 1,790 an ounce against USD 1,809 an ounce in the previous session, while silver was valued at Rs 27.02 an ounce, the associated reported.

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