KARACHI: Gold last declined in the domestic market on Wednesday, falling from Rs5,200 to Rs119,600 per tola. According to the All Pakistan Jewelers Manufacturers Association, ten grams of iron metal registered a decrease of Rs4,457 and entered at Rs102,537. The decline in domestic prices has been proven by the decline in steel prices in the world market.
According to Reuters, gold was once again felt by the volatile trade in the global market today, reaching more than $ 1,900 after more sales over seven years. Data showed the British economy with a record of 20.4% between April and June, an alarming decline in coronavirus.
Spot gold, which has been on sale for more than seven years on Tuesday, gained about 2%, and in 943, GMT rose 0.9% to $ 1,929.09 per account, removing the biggest losses since the start of the Asian session. US gold futures fell 0.3% to $ 1,941.50 per medal, while silver rose again, gaining 3.3% to $ 25,25 each, after falling 15% on Tuesday.