Gold price extends losses- down by Rs 200 per tola

MG News | December 04, 2020 at 05:29 PM GMT+05:00

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December 4, 2020 (MLN): Safe-haven asset extended losses on Friday in the domestic bullion market. The price of 24 karat gold fell by Rs 200 to Rs 110,300 per tola. The precious yellow metal of 24-Karat had closed at Rs 110,500 per tola on the last day.

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

On the other hand, the price of silver tola and 10-gram silver remained unchanged at Rs 1220 and Rs. 1,045.95 respectively, the association reported.

In the international market, the gold rally took a breather as gold prices remained unchanged to US $1,839 an ounce as traders were watchful during the session while silver was pegged at US$ 24.18 an ounce.

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