KARACHI – Gold prices in Pakistan moved down in line with a drop in international markets as price of gold per tola fell by Rs4,100, reaching Rs384,000.
As per latest rates, 10-gram gold was sold for Rs329,218, down Rs3,515 while price of tola stayed at Rs3,84 Lac. Previously, gold remained steady at Rs388,100 after hitting a record high on Tuesday.
The international market also saw a dip, with gold trading at $3,618 per ounce, plus a $20 premium, representing a $36 loss. Silver prices in Pakistan also dropped, with the per tola rate decreasing by Rs32 to Rs4,326.
Global gold remained near record highs as softer-than-expected US producer price data raised expectations of a potential Federal Reserve interest rate cut next week. Investors are now awaiting US consumer inflation figures, which are expected later in the day.
The post Gold tumbles to Rs384,000 in Pakistan amid global dip appeared first on Daily Pakistan English News.
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