Gold on Wednesday reduced by Rs200 per tola to Rs91200 on the local market, traders said. The precious metal was selling for Rs78190 per 10 grams, down by Rs171 and US$1571 an ounce, down by US$7. Silver was traded for Rs1000 per tola, Rs857.33 per 10 grams and US$17.53 an ounce, they said. Pakistan imported 5 percent or US$418,000 more gold to US$9.168 million in July-Dec 2019-20 comparing to the import of yellow metal of US$8.750 million in July-Dec 2018-19. In terms of volume, the country's gold import was unchanged at 23 kilograms this fiscal year as well. In Dec 2019, the country's import of gold was US$1.775 million, which was 85.28 percent or US$844,000 higher than import of the precious metal of US$931,000 in Dec 2018. About 68 percent or 16 kilograms increase in the gold import has been witnessed that is 39 kilograms in Dec 2019 from 23 kilograms in Dec 2018, Pakistan Bureau of Statistics shows.
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