Gold down by Rs 200

Gold on Tuesday was traded for Rs 95000 per tola, down by Rs 200 on the local market, traders said.

The yellow metal was sold for Rs 81447 per 10 grams, down by 171, and quoted for $1657 an ounce, down by $9 on the world market. Silver was available for Rs 1000 per tola, Rs 857.33 per 10 grams and $17.10 an ounce, they added. Pakistan imported 4 percent or $351,000 of more gold to $10.068 million during July-January 2019-20 from $9.717 million during July-January 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-January 2019-20 from 248 kilograms in July-January 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. Gold import quantity also dipped to 18 kilograms in January 2020 from 25 kilograms in January 2019, showing a fall of 28 percent or 7 kilograms.