Gold remained under pressure amid weak global rates

January 27, 2021 (MLN): Gold prices remained under pressure in the domestic bullion market on Wednesday amid weak global rates, as the price of 24 karat gold declined by Rs 200 to Rs.113,000 per tola against the price of Rs 113,200 per tola reported in the previous session.

According to the data provided by the All Sindh Saraf Jewellers Association, the price of 10-gram of 24k gold also dipped by Rs 170 and was sold for Rs 96,880 at the closing of trade as opposed to Rs 97,050 reported yesterday.

However, silver rates remained unchanged at Rs1,300 per tola. The price of 10 grams of silver also stood the same at Rs1,114.54.

In the international markets, the gold prices also suffered a fall on concerns that the US stimulus package may get delayed, as it went down by USD 8 and traded at USD 1,846 per ounce against USD 1,854 per ounce recorded yesterday, while silver was valued at USD 25.35 an ounce.

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Posted on: 2021-01-27T18:33:00+05:00

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