Gold drops to $1932 an ounce owing to strong selling pressure

September 21, 2020 (MLN): Gold prices dropped on Monday due to heavy selling pressure amid a broad-based US dollar rebound. In the international market, gold fell to US $1932 an ounce while silver pegged at $26.38 per ounce.

Following the global market, the price of 24 Karat gold on Monday decreased by Rs 200 to Rs 114,700 in the domestic bullion market. The precious yellow metal of 24-Karat had closed at Rs 114,900 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 witnessed a decrease of Rs 171 to settle at Rs 98,337 against the previous close of Rs 98,508 per-gram.

On the other hand, the price of silver tola and 10-gram silver remained unchanged at Rs 1,300 and Rs 1,114.54, respectively, the association reported.

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Posted on: 2020-09-21T17:50:00+05:00