Gold on Tuesday was traded for Rs 89200 per tola, down by Rs 400 on the local market, traders said. The precious metal was available for Rs 76475 per 10 grams, low by Rs 343 and $1543 an ounce, down by $10. Silver was selling for Rs 1070 per tola, Rs 917.35 per 10 grams and $1775 an ounce, traders 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.