Safe bet gold loses appeal, falls 8.1pc in month
Business March 6, 2021 KARACHI: Gold prices fell Rs1,450 per tola in the local market on Friday continuing a downtrend of over 8 percent in a month, as investors are turning away from the safe bet commodity with Covid fear subsiding, traders said on Friday. The falling trend also takes cue from the international market where gold rates decreased to $1,696 per ounce from $1,814 on February 6. In local market, gold prices decreased 8.1 percent or Rs9,050 to Rs102,750 per tola from Rs111,800 per tola on February 6. According to All Sindh Saraf Jewellers Association, gold rates in the local mark...