Gold on Monday was traded for Rs 89,600 per tola, down by Rs 700 on the local market, traders said. The precious metal was selling for Rs,76,818 per 10 grams, down by Rs 600 and $1553 an ounce down by $9. Silver was available for Rs 1070 per tola, 917.35 per 10 grams and $18 an ounce, they 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.
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