Gold price nosedives by Rs 1,150 to Rs 95,150 per 12 gram

By MG News | February 25, 2020 at 03:16 PM GMT+05:00

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February 25, 2020 (MLN): Precious metal prices plunged today. Gold price lost Rs 1,150 in today’s session to settle at Rs 95,150 per 12 gram i.e. almost 1.20% lower than yesterday’s close in the local market.

According to the Karachi Sarafa Association, gold price per 10 gram clocked in at Rs 81576, down by Rs 986 from Rs 82,562 per 10 in the previous trade.

As a result of a decrease in demand for silver, the silver prices edged lower by Rs 10 and closed at Rs 1050 per 12 gram. Similarly, 10-gram silver witnessed a decrease of Rs 8.57 to peg at Rs 900.2.

In the global market, gold prices dropped by $29 to $1,655 per ounce, while silver was valued at $18.50 per ounce.

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