22 Jul 2015

Gold Prices Shed Rs 800 To Fall To New Record Low

KARACHI: The cost of yellow metal in the nearby market dropped to another record low on Tuesday, in accordance with the descending pattern in worldwide costs. 
Gold costs fell by Rs800 to Rs44,700 per tola (11.66 grams) – another record low in the Pakistani market.
The fall in nearby market cost takes after a lofty decrease in the worldwide business, where the valuable metal has drooped to the least point in about five and a half years. 
On Monday, gold tumbled to $1,072.35 in Asian arrangements, striking the most minimal point subsequent to February 11, 2010, and rupturing the key mental obstruction of $1,100
, as the valuable metal kept on being weighed around an in number US dollar and reports of enormous offering in China.

The metal is generally viewed by numerous financial specialists as a sheltered store of quality in times of monetary or geopolitical turmoil.