Gold inches lower by Rs450 to trade at Rs108,850

July 12, 2021 (MLN): Gold prices in domestic bullion market continued to decline today and 24-karat per tola gold traded at Rs108,850, dropped by Rs450 as compared to its previous closing.

According to the data reported by the All Sindh Sarafa Jewellers Association, the price of 10-gram of 24k gold also witnessed a dip of Rs386 and traded at Rs93,321 while the 10gm 22k gold stood at Rs85,544.

On the contrary, the price of 24-Karat silver per tola and 10-gram silver remained stagnant at Rs1,440 and Rs1,234.56, respectively.

In the international market, demand for yellow metal dropped by $7 to close at $1,801 per ounce as stronger dollar made bullion more expensive for holders of other currencies.  Meanwhile, investors kept waiting inflation numbers, expected to release this week. Silver was valued at $26 an ounce.

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Posted on: 2021-07-12T17:50:00+05:00

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