Gold drops to $1,872 an ounce as US GDP grows by 33% in Q3

News Image

MG News | October 29, 2020 at 08:16 PM GMT+05:00

0:00

October 29, 2020 (MLN): Gold remained under pressure on Thursday as US GDP expanded by 33% in the third quarter. In the international market, gold prices came down by $22 and traded at $1,872 per ounce, while silver was pegged at $22.60 an ounce.

On the domestic front, the price of 24 karat gold plunged by Rs 1,650 to Rs 111, 600 in the bullion market. The precious yellow metal of 24-Karat had closed at Rs 113,250 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 fell by Rs 1,414 to Rs 95,680 against the price of Rs 97,094 reported yesterday.  

On a similar note, silver witnessed a decrease in its price. The 24-Karat Silver slid by Rs 30 to Rs 1,170 per tola. Likewise, 10-gram silver dropped by Rs 25.72 to Rs.1,003.08 against the previous close of Rs 1,028.80, the association reported.

 Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg