Gold price on Friday grew by Rs 1,350 per tola to Rs 89,650 on the local market, traders said. The yellow metal posted an increase of 1,157 per 10 grams to Rs 76,870 and $29 an ounce to $1551 on the world market. Silver was traded for Rs 1,020 per tola, Rs 874.50 per 10 grams and $18.20 an ounce, according to traders.
The country imported gold less by five percent or $376,000 to $7.443 million in July-Nov 2019 from $7.819 million in July-Nov 2018, Pakistan Bureau of Statistics shows.
In term of quantity, the country's gold import stood at 183 kilograms in July-Nov 2019 comparing to its import of 200 kilograms in July-Nov 2018, depicting a fall of 9 percent or 17 kilograms.
In Nov 2019, gold import was $1.796 million up by two percent or $31000 from $1.765 million in Nov 2018. Import volume of gold declined to 43 kilograms in Nov 2019 from 45 in Nov 2018, indicating a fall of 4.44 percent or 2 kilograms.
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