Gold Prices Fall After Seven Consecutive Days of Gains
6 Articles
6 Articles
Gold rates fall to Rs 1.57 lakh per 10g after seven-day gain
New Delhi: Gold snapped a seven-session rally on Thursday, August 13, with prices declining by Rs 2,800 to Rs 1,57,000 per 10 grams in the national capital as traders booked profits after a recent surge. The yellow metal of 99.9 per cent purity had closed at Rs 1,59,800 per 10 grams on Wednesday, August 12. Silver also bore the brunt of the sell-off, tumbling Rs 6,000 to Rs 2,40,000 per kilogram (inclusive of all taxes), according to the All Ind…
Gold Falls on Profit-Taking and Jobless Claims Support Lower Rate Expectations
Marsad Al Dahab reported that gold prices declined in both the Egyptian and global markets during mid-session trading on Thursday, as investors took profits following a strong rally that pushed the precious metal to its highest level in more than two months. The move came after the release of U.S. Producer Price Index data and jobless claims, which provided fresh signals on the Federal Reserve’s interest-rate outlook.
Gold price drops Rs3,500 to Rs460,436 per tola
Gold prices in Pakistan fell on Thursday, in line with a decline in international gold prices. In the local market, the price of gold dropped Rs3,500 to Rs460,436 per tola. The price of 10-gram gold also declined by Rs3,001, settling at Rs394,749, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Wednesday, gold had risen Rs4,200 during the day to reach Rs463,936 per tola. Internationally, gold pric…
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