Gold rates continue to depreciate in local markets

Siasi Jasoos

Chief Minister (5k+ posts)

KARACHI: Gold rates, extending a downward trend, decreased by Rs150 to Rs90,350 per tola in the local market on Wednesday.

Similarly, the price of 10 grams of gold fell by Rs128 to Rs77,460.

Meanwhile, gold in the global market on also showed slight depreciation after a near one-week high in the previous session due to a stronger dollar and an uptick in equities as China’s factories slowly return to work amid rising death toll from the coronavirus epidemic.

Gold per ounce decreased by dollar three, stabilising its value at 1567 dollars in the global market.

Yesterday, Gold rates decreased by Rs70 to Rs90,500 per tola in the local market, similarly, the price of 10 grams of gold fell by Rs59 to Rs77,589.


Chief Minister (5k+ posts)
This is global trend as I trade in it but it will reverse soon, Pakistani economy will get major problem in upcoming months because of slowdown in be smart and buy Gold.