Gold loses its lustre

MG News | November 25, 2020 at 05:06 PM GMT+05:00

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November 25, 2020 (MLN): Gold continued to lose lustre, reached $ 1809 per ounce. Yesterday, gold hit a four-month low of $1,800.80 and last stood at $1,806.10 per ounce amid Coronavirus vaccine optimism.

The white metal, silver, was pegged at $23.36 an ounce.

On a similar note, gold prices dropped in the domestic bullion market as the price of 24 karat gold decreased by Rs 200 to Rs 110,300 per tola from Rs 110,500 per tola recorded on Tuesday.

According to the data released by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also dropped by Rs 172 to Rs 94,564 against the price of Rs 994,736 reported in the previous session.

On the other hand, the price of per tola silver and 10-gram silver remained stable at Rs 1,180 and Rs 1,011.65 respectively, the association reported.

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