Gold prices drop by Rs400 per tola in Pakistan

MG News | August 11, 2023 at 05:31 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 11, 2023 (MLN): Domestic bullion fell on Friday, with 24-karat gold reaching Rs222,400 per tola, decreasing by Rs400.

As per the Karachi Sarafa Association, the cost of 10 grams of 24-karat gold was registered at Rs190,672 per tola, witnessing a Rs343 fall per tola.

While 10-gram 22-karat gold stood at Rs174,783 per tola.

Contrarily, the price of silver remained unchanged in the domestic market, with 24-karat silver to close at Rs2,750 per tola.

On the global front, international spot gold is currently trading at $1,916.26 up by 0.21% on the day.

Meanwhile, international spot silver is currently trading at $22.68, almost flat on the day.

The U.S. consumer price index (CPI) for the month of July 2023 came in at 3.2% YoY, slightly higher than 3% YoY in June. However, it was softer than the analysts’ estimates of 3.3%, showing a moderation in the inflationary momentum in the world’s largest economy.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	176,133.57 448.77M	0.12% 205.83
ALLSHR	106,568.82 1,000.73M	0.14% 149.03
KSE30	52,663.90 106.37M	0.09% 48.09
KMI30	247,838.42 145.61M	0.01% 22.07
KMIALLSHR	68,255.80 586.07M	0.03% 23.11
BKTi	50,243.89 28.25M	0.32% 158.69
OGTi	34,622.42 7.25M	-0.35% -120.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,260.00	66,840.00 66,200.00	-260.00 -0.39%
BRENT CRUDE	92.17	92.67 91.31	1.16 1.27%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.75 -0.70%
ROTTERDAM COAL MONTHLY	119.65	120.25 119.50	-0.25 -0.21%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	85.33	85.75 84.44	0.99 1.17%
SUGAR #11 WORLD	14.90	14.97 14.76	0.08 0.54%