Gold loses shine, falls by Rs1,500 per tola
Business
Gold loses shine, falls by Rs1,500 per tola
KARACHI (Dunya News) – The gold price in Pakistan continued losing shine as it moved down by Rs1,500 per tola on Friday due to the decrease in the international market.
All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) data showed, the price of gold (24 carats) fell by Rs1,500 per tola and Rs1,285 per 10 grams to settle at Rs217,000 and Rs186,043, respectively.
Meanwhile, the price of the yellow metal also went down by $10 and settled at $1,919 per ounce in the international market today.
The gold prices have been volatile in Pakistan recently amid continued political and economic uncertainty, and high inflation. People prefer to buy the precious commodity in such times as a safe investment and a hedge.
Data shared by the association showed the price of silver remained unchanged at Rs2,550 per tola and Rs2,186.21 per 10 grams.
