Gold rates drop in Pakistan

Gold rates, gold rates in Pakistan, Gold prices

ISLAMABAD: The per tola price of 24 karat gold decreased by Rs.600 and was sold at Rs.217,300 on Tuesday compared to its sale at Rs. 217,900 on last trading day, ARY News reported.

The price of 10 grams of 24 karat gold also decreased by Rs.514 to Rs.186,300 from Rs.186,814 whereas the prices of 10 gram 22 karat gold went down to Rs.170,775 from Rs.171,246 the All Sindh Sarafa Jewellers Association reported.

The price of per tola and ten gram Silver remained stagnant at Rs.2,650 and 2,271.94 respectively.

The price of gold in the international market decreased by $8 to $2,067 from $.2,075, the Association reported.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) plunged over 800 points during intra-day trading on Tuesday.

Related: PSX sheds 847 points, falls below 64,000-point mark

According to the market, the PSX lost 847 points and the 100 index dropped below the 64,000 points mark.

The market was reported trading at 63,421 around 10:53 am.

On Monday, the 100-index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend and lost 368.26 points to close at 64,269.38 points.

A total of 382,012,304 shares valuing Rs.14.076 billion were traded during the day as compared to 643,307,931 shares valuing Rs.20.021 billion the last day.

Some 363 companies transacted their shares in the stock market; 96 of them recorded gains and 249 sustained losses, whereas the share prices of 18 remained unchanged.

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