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.
Being a mom is hard — the heat is making it harder
- 32 minutes ago
Why this year’s Medicare-for-all debate is different
- a day ago
The Supreme Court’s about to face an entirely new kind of voter discrimination
- a day ago
Abbas takes three wickets as Pakistan on top against England
- 9 hours ago
Nearly 700 AI agents coordinated attack on Hugging Face platform, says report
- 13 hours ago
Pakistan, Kuwait reaffirm resolve to strengthen defence ties
- 12 hours ago
HoverAir’s transforming modular drone has already been halted in the US
- a day ago
Football is dangerous. Parents are finally steering their kids away from it.
- a day ago
Raspberry Pi shares its official tutorial for making a cyberdeck
- 31 minutes ago
Nepal flood death toll rises to 270 as around 1,000 remain missing
- 13 hours ago
Over one million people have clicked LinkedIn’s AI slop button
- a day ago
Field Marshal Asim Munir’s Iran visit was not US mission: FO
- 12 hours ago
