Gold observes a drop of Rs 500 to settle at Rs 94,500

By MG News | March 12, 2020 at 04:47 PM GMT+05:00

0:00

March 12, 2020 (MLN): The demand for safe-haven fell today despite the stock carnage in capital markets. The price per tola gold dropped by Rs 500 to close at Rs 94,500 in the local market. The yellow metal had closed at Rs 95,000 per tola on last trading day.

According to the Karachi Sarafa Association, 10-gram gold lost Rs 428 to settle at Rs 81,019.

On the other hand, the silver prices remained flat and closed at Rs 1000 per tola. Similarly, 10-gram silver remained stable at Rs 857.33.

In the global market, gold prices declined by $26 to $1,640 per ounce against the previous closing of $1,666, while silver was valued at $16.70 per ounce.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	131,949.07 198.95M	0.97% 1262.41
ALLSHR	82,069.26 730.83M	0.94% 764.01
KSE30	40,387.76 80.88M	1.11% 442.31
KMI30	191,376.82 77.76M	0.36% 678.77
KMIALLSHR	55,193.97 350.11M	0.22% 119.82
BKTi	35,828.25 28.42M	3.64% 1259.85
OGTi	28,446.34 6.84M	-1.02% -293.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,125.00	110,525.00 107,865.00	-2290.00 -2.07%
BRENT CRUDE	68.51	68.89 67.75	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	106.00	106.00 105.85	-2.20 -2.03%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.50	67.18 66.04	-0.50 -0.75%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%