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Gold import rises during July-October

Gold import rises during July-October

KARACHI: Pakistan’s gold import has increased by 136.45 percent during July-October 2013 as compared to the same period of previous fiscal year, according to the data showed by the Pakistan bureau of statistics (PBS).

PBS data revealed that gold import stood at $138.150 million during July-October 2013 as compared to $58.424 million during the corresponding period last year.

In terms of quantity, the gold import has increased to 3,327 kilogram as compared to 1,080 kilograms during the period mentioned above, the PBS data indicates.

Traders say that prices of gold have declined in world market, while local market has remained higher.