Friday, 9 September 2011

Pakistan gold prices ease further

KARACHI: The gold rates in Pakistan eased further on Thursday in major bullion market of the country.


Gold prices in Karachi dropped by Rs 200 per tola and recorded at Rs 60,600 per tola (11.66 grams). The price of 10 grams gold was declined by Rs 172 to Rs 51,942.


On the other hand, silver price was recorded at Rs 1,330 per tola.


In International market, Gold prices bounced back more than 1 percent on Thursday and recorded at $1,832 per ounce, boosted by bargain-hunters after the previous session's fall of 3 percent, ahead of a speech by U.S President Barack Obama that could allay recession fears.


The London gold price fixing rates were recorded at $1855.


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