ISLAMABAD: Carrying the last day downward trend, the gold price in the international market went down significantly as on Thursday, the per ounce price of the yellow plate in the international market decreased by $13 to settle at $2,032 against its last day price of $.2,045 per ounce. Last day the price in the international market also witnessed a decline by $22 per ounce.
However, on the other side despite a major decline in the international market, the price of the precious metal in the domestic market remained stable at Rs 213700. Last day the price in the domestic market went down by Rs3600, that might be the reason it avoids further fall and remained stable.
Meanwhile, according to the All Sindh Sarafa Jewellers Association, 10 grams of 24 and 22 karats of the precious metal remained unchanged at Rs183,213 and Rs.169,945 respectively.
Decline in Price of Gold in International Market
During last two days, the price of gold in the international market went down by $35 per ounce. On Tuesday, the market was hovering above $2060 and now trading in the level of $2025 to $2035.
The Price for the yellow metal in the local bullion market usually affected by the rates in the international market. Last couple of days witnessed continues decline in the international market, affecting the domestic bullion market.
