ISLAMABAD: Gold prices in the country decreased by Rs2,300 per tola on Tuesday, maintaining its downward slide locally for the fourth consecutive session.
According to the All-Pakistan Gems and Jewellers Association’s (APSGJA) data, the price of one tola of 24-karat gold decreased to Rs228,100 from Rs230,400. Similarly, the gold rate for 10 grams of 24-karat moved down to Rs195,550 from Rs197,550 with a decrease of Rs2,000.
The gold rate has been volatile in Pakistan recently amid continued political and economic uncertainty, high inflation, and currency depreciation. The gold price witnessed a decline despite an increase in international markets and depreciation in the local currency against the US dollar. As per the jewellers’ association, the gold rate in Pakistan is undervalued compared to the Dubai gold market by Rs4,000. – TLTP
Gold dips to Rs228,100 per tola for fourth day
ISLAMABAD: Gold prices in the country decreased by Rs2,300 per tola on Tuesday, maintaining its downward slide locally for the fourth consecutive session.
According to the All-Pakistan Gems and Jewellers Association’s (APSGJA) data, the price of one tola of 24-karat gold decreased to Rs228,100 from Rs230,400. Similarly, the gold rate for 10 grams of 24-karat moved down to Rs195,550 from Rs197,550 with a decrease of Rs2,000.
The gold rate has been volatile in Pakistan recently amid continued political and economic uncertainty, high inflation, and currency depreciation. The gold price witnessed a decline despite an increase in international markets and depreciation in the local currency against the US dollar. As per the jewellers’ association, the gold rate in Pakistan is undervalued compared to the Dubai gold market by Rs4,000. – TLTP