Gold price has drastically dipped in local market by whopping Rs.4,000 per tola.
The plunge has served a severe blow to many a seasonal investor who had purchased gold on the heels of rise in the process of gold locally and internationally. A report said such investors have lost billions with the decline in price.
The All Pakistan Jewellers Association says the gold price has decreased by Rs.4,000 to reach Rs.57,000 a tola. Earlier, gold price had hit all-time high of Rs.62,000 per tola.
In the world market, gold prices tanked, down more than $150 in two days, as durable goods orders jumped in July and gold investors rushed for the exits.
Gold for December delivery plummeted $104 to close at $1,757.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,856.80 and as low as $1,761.10 during Tuesday s session, while the spot gold price was down $66.80, according to Kitco s gold index.
how i can get gold updates about rates……
go http://www.thebulliondesk.com and check online gold rate in dollor price
good rates
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every thing about gold
As I think after reading this article that the gold prices decreases due to the strategy of the international market to maintain the prices of gold all over the world.
Alslam Alekom
Agar App gold Rate sms ky zarey hasil karna chahty hain to is number peh call kar lee
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Rajpot Golad Rate service Karachi
could you please send me daily gold rates in pakistan and karachi.
That is a good that gold is coming down but it is a bad news for the gold traders.
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