Gold on Saturday slumped by Rs 2750 per tola to Rs 90,850 in a single day trading on the local market, traders said. The precious metal was selling for Rs 77,890 per 10 grams, down by Rs 2,357, and $1,530 an ounce, down by $57 on the world market. Silver was traded for Rs 960 per tola, down by Rs 30, Rs 823 per 10 grams, down by Rs 25.76, and 14.75 an ounce, they said.

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-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.