Gold on Monday surged to record high on the local market hitting Rs93,400 per tola with a mammoth single-day increase of Rs2,600, traders said.
The precious metal was traded for Rs80,075 per 10 grams up by Rs2,230 and its selling was cited for $1,578 up by $26 an ounce. Silver was selling for Rs1,070 a tola, Rs917.35 10 grams and $18.40 an ounce, traders added.
The country imported gold less by 5 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 2 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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