Gold drops marginally to $1903 an ounce

By MG News | October 27, 2020 at 05:42 PM GMT+05:00

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October 27, 2020 (MLN): Gold inched lowered on Tuesday in international market as uncertainty over US stimulus package and second wave of coronavirus dented investors’ sentiments. Gold prices moved down by $1 and traded at $1,903 per ounce, while silver was pegged at $24.37 an ounce.

On the domestic front, the price of 24 karat gold decreased by Rs750 to Rs114,500 in the domestic bullion market. The precious yellow metal of 24-Karat had closed at Rs115,250 per tola on the last day.

According to the data released by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also dropped by Rs643 to Rs98,165 against the price of Rs98,808 reported on Monday.

On the other hand, the price of silver tola and 10-gram silver remained unchanged at Rs1,230 and Rs1,063.10 respectively, the association reported.

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