Gold slips further in Pakistan
MG News | November 11, 2024 at 03:25 PM GMT+05:00
November 11, 2024 (MLN): Gold extended its downward slide on Monday, with 24-karat gold being sold at Rs277,500 per tola, down Rs1,300.
Last week, the yellow metal slumped Rs4,200 per tola amid a strengthened US dollar, which makes the safe haven asset relatively expensive for holders of other currencies.
On the global front, spot gold traded near $2,672 an ounce, down $13.2 or 0.49% from the previous session.
The Karachi Sarafa Association reported the price of 24-karat gold at Rs237,911 per 10-gram, down Rs1,115.
Similarly, the price of 22-karat gold was quoted lower at Rs218,085 per 10-gram.
On the other hand, silver prices remained unchanged in the domestic market, with 24-karat silver being sold at Rs3,300 per tola and Rs2,829 per 10-gram.
| PKR (24-karat per tola) | Nov 11, 2024 | Nov 09, 2024 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 277,500 | 278,800 | -1,300 | 2,000 | 35,800 | 57,500 |
| Silver | 3,300 | 3,300 | 0 | 250 | 450 | 620 |
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