Gold price falls marginally
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The price of gold fell slightly as the US dollar Thursday continued to lose value against the rupee following news of a rollover of a Chinese bank loan and the issuing of MEFP from the IMF for the 7th and 8th reviews, reported the 24NewsHD TV channel.
The price of 24-carat gold has fallen by Rs350 per tola.
With this drop, the price of 24-carat gold has dropped to Rs141,500.
The price of 10-gram 24-carat gold has also been reduced by Rs300 to Rs121,313.
The price of 10-gram 22-carat gold has also dropped to Rs111,204.
The price of 24-carat silver has remained steady at Rs1550.
With a current market price of Rs1328.87 for 10-gram silver, the price has remained stable.
The cost of gold has decreased by $22 per ounce in the global market.
The international rate for gold per ounce has now reached $1804.