The price of yellow metal also declined by $5 per ounce In the international market


Karachi: Gold lost its shine in local bullion markets of Pakistan in line with the fluctuation in the international market on Thursday.
Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of precious metal declined by Rs400 per tola and Rs343 per 10 grams to settle at Rs154,700 and Rs132,630 respectively.
In the international market, the price of yellow metal declined by $5 per ounce settling at $1,669.
A pullback in the dollar helped bullion to counter pressure from elevated US bond yields and hawkish remarks on future rate hikes from the Federal Reserve.
The Fed hiked interest rates by 75 basis points on Wednesday for a third consecutive time and signaled more increases are to come to tame soaring inflation.

Sindh govt declares July 5-6 public holidays for Youm-e-Ashura
- 10 hours ago

Polio campaign extended to age 15 amid new cases in older children
- 10 hours ago

Japan records hottest June in its history this year
- 8 hours ago

KSE-100 index surges past 127,000 points
- 11 hours ago

Federal Govt decides to shut down utility stores from July 10
- 8 hours ago

Faisalabad police arrest driver and accomplice for harassing university student
- 6 hours ago
Govt upholds decision to import 500,000 tons of sugar
- 7 hours ago

Trump says will ‘take a look’ at deporting Musk
- 8 hours ago
Musk proposes new political party, targets lawmakers over Trump-backed spending bill
- 9 hours ago
US officially ends sanctions program on Syria
- 11 hours ago
Pakistan's Sadia Iqbal retains top spot in ICC Women's T20 bowler rankings
- 8 hours ago
Former Russian Deputy Defense Minister sentenced to prison for corruption
- 6 hours ago