According to Pakistan economy news, Gold plunged on 10th Feb as an uptick in the dollar offset the supportive impact of concerns over Greece’s future in the euro zone and fears over mounting violence in Ukraine, which hurt risk craving.
Spot gold was down 0.2pc at $1,236.30 an ounce at 1405 GMT, while US gold futures for April delivery were down $4.90 an ounce also at $1,236.6.
On the main physical markets for gold, premiums over spot prices on the Shanghai Gold Exchange contracted slightly ahead of next week’s Lunar New Year holiday, MKS said, but remained between $2.5-3.5, showing demand has arisen at lower levels. Among other precious metals, silver was down 0.5pc at $16.92 an ounce.
