RECORDER REPORT

KARACHI: Gold prices Friday went down further by Rs1,000 per tola to Rs89,500 on the local market, traders said.

The price of yellow metal reduced to Rs76,732 per 10 grams down by Rs858 while gold international value was quoted $1,545 an ounce. Silver was traded for Rs1,070 per tola, Rs917 10 grams, traders added.

The country imported gold less by 5 percent or $376,000 to $7.443 million in July-Nov 2019 from $7.819 million in July-Nov 2018, Pakistan Bureau of Statistics shows.

In term of quantity, the country’s gold import stood at 183 kilograms in July-Nov 2019 comparing to its import of 200 kilograms in July-Nov 2018, depicting a fall of 9 percent or 17 kilograms.

In Nov 2019, gold import was $1.796 million up by 2 percent or $31000 from $1.765 million in Nov 2018.

Import volume of gold declined to 43 kilograms in Nov 2019 from 45 in Nov 2018, indicating a fall of 4.44 percent or 2 kilograms.