ISLAMABAD (Dunya News) – The price of 24 karat per tola gold increased by Rs100 on Monday and was sold at Rs 113,450 against its sale at Rs 113,350 the previous day, Karachi Sarafa Association reported.

The price of ten gram 24 karat gold also increased by Rs85 and was traded at Rs 97,265 against its sale at Rs 97,180 while ten gram 22 karat gold increased to Rs89,160.

The price of per tola and ten gram silver also witnessed no change and was sold at Rs 1300 and Rs 1114.54 respectively.

The gold price in the in international market witnessed increase of US $7 and was sold at US $ 1863 against its sale at US $ 56, the association added.


Gold imports fall


On Sunday, according to the Pakistan Bureau of Statistics (PBS), the gold imports into the country decreased by 52.17 percent during the first half of the current fiscal year as compared to the corresponding period of last year.

The gold imports into the country during July-December (2020-21) were recorded at $4.385 million as compared to the imports of $9.168 million during July-December (2019-20), the data revealed.

In terms of quantity, Pakistan imported just 72 kilograms of gold during the period under review compared to the imports of 226 kilograms last year, showing a decline of 68.14 percent.

On year-on-year basis, the gold imports into the country witnessed sharp decline of 71.91 percent during the month of December 2020 as compared to the imports of December 2019.

The gold imports during December 2020 were recorded at $0.494 million against the imports of $1.725 million in December 2019.

In terms of quantity, the gold imports decreased by 81.40 percent from 43 kilograms during December 2019 to imports of just 8 kilograms in December 2020.

On month-on-month basis, the gold imports during December 2020 decreased by 68 percent when compared to the imports of $1.

527 million in November 2020 while in terms of quantity, the imports decreased by 68 percent in December 2020 when compared to the imports of 25 kilogram in November 2018.

It is pertinent to mention here that the country s merchandize exports increased by 4.98 percent during the first half of the current fiscal year (2020-21) as compared to the corresponding period of last year.

The exports from the country during July-December (2020-21) were recorded at $12.098 billion against the exports of $11.524 billion during July-December (2019-20), according to the latest PBS data.

The imports into the country during the period under review also increased by 5.72 percent by growing from $23.195 billion last year to $24.521 billion during the first half of current fiscal year.

Based on the figures, the country s trade deficit increased by 6.44 percent during the first half compared to the corresponding period of last year. The trade deficit during the first six months of the current fiscal year was recorded at $12.423 billion against the deficit of $11.671 billion last year.

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