Gold prices go down, further price decrease expected
Gold prices are expected to go down to Rs42,000 per tola, says President Sindh Sarafa Association.
Gold prices are expected to go down to Rs42,000 per tola, says President Sindh Sarafa Association. PHOTO: FILE
The price of gold price went down by Rs1,000 per tola on Friday, Express News reported.
Gold price went down Rs1,000 per tola, making it worth Rs46,550 per tola. The price of 10 gram gold went down Rs857, making it Rs39,900 per tola.
Predicting a further decrease in gold prices, President of Sindh Sarafa Association Haroon Chand said, “Considering the current situation, gold prices are expected to go down to Rs42,000 per tola”.
America’s economy is improving, said Chand. He further added that America has improved its relationship with North Korea, Iran and other nation, giving a boost to its economy.
“The value of the dollar is increasing, therefore, people have started selling off their gold to buy currency. Earlier they were selling off currency to buy gold,” said Chand.
Gold price went down Rs1,000 per tola, making it worth Rs46,550 per tola. The price of 10 gram gold went down Rs857, making it Rs39,900 per tola.
Predicting a further decrease in gold prices, President of Sindh Sarafa Association Haroon Chand said, “Considering the current situation, gold prices are expected to go down to Rs42,000 per tola”.
America’s economy is improving, said Chand. He further added that America has improved its relationship with North Korea, Iran and other nation, giving a boost to its economy.
“The value of the dollar is increasing, therefore, people have started selling off their gold to buy currency. Earlier they were selling off currency to buy gold,” said Chand.