Gold price declines by Rs1,850 per tola in Pakistan

Karachi: Gold prices in Pakistan continued falling on the second consecutive day on Wednesday amid reports of improvement in talks with the International Monetray Fund (IMF).

The price of yellow metal plunged by Rs1,850 per tola to settle at Rs145,300.

The decline was in line with the dealers' expectation of the market to undergo a correction after scaling to new peaks in previous sessions.

According to All Sindh Sarafa Jewellers Association (ASSJA), the price of gold settled at Rs145,300 per tola. 

While the price of 10 grams of gold declined by Rs1,586 to settle at Rs145,300.