Gold on Wednesday was traded for Rs 90350 per tola, down by Rs 100 on the local market, traders said. The yellow metal was available for Rs 77461 per 10 grams, down by Rs 85 and $1566 an ounce, down by $4. Silver was selling for Rs 1000 per tola, Rs 857.33 per 10 grams and $17.55 an ounce.
Pakistan imported 5 percent or $418,000 more gold to $9.168 million in July-Dec 2019-20 comparing to the import of yellow metal of $8.750 million in July-Dec 2018-19. In term 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 $1.775 million, which was 85.28 percent or $844,000 higher than import of the precious metal of $931,000 in Dec 2018. About 68 percent or 16 kilograms increase the gold import has witnessed to 39 kilograms in Dec 2019 from 23 kilograms in Dec 2018, Pakistan Bureau of Statistics shows.
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