Gold price rises

Gold was traded for Rs88300 per tola on Thursday in the local market, up by Rs150, according to traders.

The precious metal sold at Rs75703 per 10 grams up by Rs129 and US$1522 an ounce on the world market. Silver was available for Rs1020 per tola, Rs874.50 per 10 grams and US$1793 an ounce.

The country imported gold less by 5 percent or US$376,000 to US$7.443 million in July-Nov 2019 from US$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 US$1.796 million up by 2 percent or US$31000 from US$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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