Gold ends its winning streak

MG News | August 10, 2020 at 06:58 PM GMT+05:00

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August 10, 2020 (MLN): Breaking its long rising streak, gold price on Monday declined by Rs 3,000 to Rs 129,000 per tola in bullion markets.The precious yellow metal of 24-Karat had closed at Rs 132,000 per tola on the last day.

According to the Karachi Sarafa Association, the price of 10-gram gold also witnessed a decrease of Rs 2,572 to settle at Rs 110,597 against the previous close of Rs 113,169 per-gram.

Likewise, the silver prices inched lower by Rs 40 to Rs 1,670 per tola. On the other hand, 10-gram silver edged higher by Rs 34.29 to Rs 1,431.75.

In the international market, gold prices reached $2,030 an ounce, down by $24 while silver was pegged at $28.25 per ounce.

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