Sunday, May 15, 2011

Gold prices fall

Gold price on Saturday fell Rs 400 to Rs 48,350 per tola in the local bullion market, while the international market prices also dipped to $1,495 per ounce as compared to last week’s $1,505 an ounce.

Similarly 10 grammes price was also down by Rs 343 to Rs 41,442. Metal experts said fresh drop in gold would keep an even pace with an initial target seen at $1,500 per ounce on international demand.