Gold prices in Pakistan continue to drop


Gold prices continued to slide downward in Pakistan for the sixth successive session on Saturday. Gold price per tola hit Rs238,000 after a single-day fall of Rs1,600.

The 10-gram gold was sold at Rs204,047 after a decrease of Rs1,257, according to the rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, gold in Pakistan had lost Rs1,400 per tola.

On the other hand, the international rate of gold increased on Saturday. As per APGJSA, the rate was set at $2,301 per ounce (with a premium of $20) after a gain of $4 during the day.

Meanwhile, silver rates stood stable at Rs2,620 per tola.

In six sessions, gold price per tola has declined by Rs7,000 in Pakistan.

Last month, gold hit an all-time high of Rs252,200 per tola in the local market.

 

Source link

Related Posts

US could take over Ukrainian nuclear power plants, Trump tells Zelenskyy

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world President Donald Trump proposed that the US take…

Read more

Fed cuts US growth forecast and boosts inflation outlook

The Federal Reserve has slashed its US growth forecast and lifted its inflation projection, underscoring concerns that Donald Trump’s tariffs and deep cuts to government spending will knock the world’s…

Read more

Israel renews ground operation in Gaza

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has started a new ground operation in Gaza, reclaiming…

Read more

EY cuts jobs in pullback from UK legal sector

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EY is restructuring its UK legal arm, sparking a fresh…

Read more

The war on encryption is dangerous

Stay informed with free updates Simply sign up to the Cyber Security myFT Digest — delivered directly to your inbox. The writer is president of encrypted messaging service Signal Imagine…

Read more

Turkish police detain Erdoğan’s main political rival

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkish police have detained Istanbul’s mayor Ekrem İmamoğlu, the main…

Read more

Leave a Reply