Gold price declines Rs1650 per tola

Gold price declines Rs1650 per tola

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Islamabad: The price of 24-carat gold fell by Rs 1,650 on Thursday, trading at Rs 111,6000, compared with Rs 113,250 the day before.

Likewise, the price of 10 grams gold also decreased by Rs1414 and was trade at Rs95,680 against Rs97,094, while gram 22 karat gold was sold at Rs87,706, Karachi Sarafa Association reported.

The price of per tola Silver decreased by Rs30 and was traded at Rs1170 against its sale at Rs1200 against whereas prices of ten gram silver declined by Rs25.72 and was traded at Rs1003.08.

The association reported that the price of gold on the international market fell by $22, and the transaction price was $1,872 to $1,872.

Jewelry exports increase

Jewelry exports in the first three months of this fiscal year increased by 112.53% compared to the same period last year.

During the period from July-Sep, Jewelry valuing US $ 1,917 thousand exported as compared to the zero exports of same period of last year.

According to the data released by Pakistan Bureau of Statistics, the exports of Gems increased by 11.37 percent, Gems valuing US $ 1,596 thousand were exported as compared to the exports of valuing US $ 1,433 of same period of last year.

Meanwhile, Cement worth US $ 72,296 thousand were also exported in current financial year as compared to the exports of valuing US $ 66,773 thousand of same period of last year.

During the reporting period, exports of Guar and Guar’s products from that country recorded a negative growth of 1.88%.

The export value of products from Guar and Guar states was US$8,184,400, while the export value of the same period last year was US$8,184,400.

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