Cumulatively, the precious commodity has lost Rs9,300 per tola since August 10
Karachi: The price of gold dropped by Rs4,300 in the domestic market amid diminishing demand from consumers and in line with the international market prices.
According to the data compiled by the All Sindh Sarafa Jewellers Association (ASSJA), the gold prices in the local market recorded a decrease of Rs4,300 per tola and Rs3,686 per 10 grams to settle at Rs134,200 and Rs115,055.
The price of yellow metal is declining because of the continuous appreciation of the Pakistan rupee against the US dollar and fading concerns regarding the deepening economic crisis.
Cumulatively, the precious commodity has lost Rs9,300 per tola since August 10.
In the international market, bullion prices slid $27 per ounce to settle at $1,775 as investors turned cautious in the run-up to minutes of the previous US Federal Reserve policy meeting amid hawkish comments from the central bank officials.
6.3-magnitude earthquake rocks Islamabad, Punjab, KP
- 13 گھنٹے قبل
Why the new GLP-1 pill is such a big deal
- 4 گھنٹے قبل
OkCupid settles claims it shared user photos with a facial recognition company
- 6 گھنٹے قبل
PSL 11th Edition: Multan Sultans beat Hyderabad Kingsmen by six wickets
- 13 گھنٹے قبل
Fanatics takes over exclusive NFL card license
- 5 گھنٹے قبل
US fighter jet shot down over Iran, search underway for crew, US officials say
- 12 گھنٹے قبل
Why Trump betrayed MAGA, according to Tucker Carlson
- 4 گھنٹے قبل
Why an 8-1 Supreme Court just ruled in favor of anti-LGBTQ+ “conversion therapy”
- 4 گھنٹے قبل
'Red has always meant something different': Falcons reveal new uniforms for 2026 season
- 5 گھنٹے قبل
Amazon is offering up to 50 percent off chargers from Anker and others for its Big Spring Sale
- 6 گھنٹے قبل
'Let her play': Chiefs launch petition for high school girls' flag football in Kansas
- 5 گھنٹے قبل
This bike rack pioneer is selling Bluetooth suction cups to stick bikes to your car
- 6 گھنٹے قبل
