Gold price falls Rs 900 to Rs 110,300 per tola

Gold imports reduced by 52.17 percent

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Islamabad: Gold imports in the first six months of this fiscal year decreased by 52.17% from the same period last year.

According to data from the Pakistan Bureau of Statistics (PBS) on Friday, gold imports fell from 91.168 million U.S. dollars in the 2019-20 fiscal year of the previous fiscal year to 4.385 million U.S. dollars in the same period of this fiscal year.

It added that between July and December 20 of this year, imports of all other metals and articles decreased by 4.19%, valued at 404,744 thousand U.S. dollars, while the value of imports in the same period last year was 422,437 thousand U.S. dollars.

At the same time, Woods and Cork’s imports fell 4.56% to US$54,685 thousand, compared with US$57,298 thousand in the same period last year.

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