November 25, 2021 (MLN): The demand for gold continued to decline in the domestic bullion market as the price of 24-karat gold dropped by Rs100 to close at Rs124,000 per tola on Thursday.

According to data provided by Karachi Sarafa and Jewellers Association, the price of 10-gram of 24k gold also moved down by Rs86 and was traded at Rs106,310 while the 10gm 22k gold was valued at Rs97,451.

On the other hand, the price of 24-karat silver and 10-gram of 24-karat silver remained unchanged at Rs1,460 and Rs1,251.71 respectively.

In the international market, the yellow metal remained steady on the back of U.S. Federal Reserve policymakers’ hawkish comments, witnessing a meager increase of $2 to $1790 an ounce, kept it well below the key $1,800 mark while the silver was traded at $23.65 per ounce.

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