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Gold prices on Monday were closed at Rs95200 per tola, up by Rs700 on the local market, traders said. The precious metal was selling for Rs81618 per 10 grams, up by Rs600 while it was traded for $1666 an ounce, down by $9 on the world market. Silver was available for Rs1000 per tola, Rs857.33 per 10 grams and $16.90 an ounce, they added.

Pakistan imported four percent or $351,000 of more gold to $10.068 million during July-January 2019-20 from $9.717 million during July-Jan 2018-19, Pakistan Bureau of Statistics says.

Import volume of the metal is down by 3.23 percent or 8 kilograms to 240 kilograms in July-Jan 2019-20 from 248 kilograms in July-Jan 2018-19. Down by 7.13 percent or $69,000, the country imported $899,000 of gold comparing to the yellow metal import of $968,000 in January 2019.

Copyright Business Recorder, 2020

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