January 07, 2020 (MLN): Gold prices tumbled on Thursday as yields of US Treasury bonds rose. The gold prices in the international market came down by US $39 and traded at US $1,916 per ounce while silver was valued at US $27.05 an ounce.
Gold rates also plunged in the domestic bullion market. The price of 24 karat gold fell by Rs 1,300 to Rs 115,300 against the price of Rs 116,600 per tola reported in the previous session.
According to the data released by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also dropped by Rs 1,115 to Rs 98,851 against the price of Rs 99,966 reported in the previous session.
On the other hand, the price of silver tola and 10-gram silver tola remained static at Rs 1,400 and Rs 1,200.27, respectively.
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