All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) shares data, showing a decline in the price of gold (24 carats), with a decrease of Rs1,300 per tola and Rs1,115 per 10 grams, settling at Rs213,200 and Rs182,785, respectively.
Karachi: Gold prices in Pakistan experienced a downward trend, breaking a two-day gaining streak, following a decrease in international rates.
The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) released data showing a decline in the price of gold (24 carats), with a decrease of Rs1,300 per tola and Rs1,115 per 10 grams, settling at Rs213,200 and Rs182,785, respectively.
Simultaneously, the price of gold also witnessed a decline in the international market, dropping by $4 to settle at $1,955 per ounce.
Gold rates were subjected to volatility in Pakistan recently, primarily due to ongoing political and economic uncertainties, coupled with high inflation. During such periods, people tend to invest in gold as a safe haven and a hedge against market fluctuations.
PM Shehbaz Meets Nawaz Sharif in Jati Umra, Briefs on Foreign Visits and Kashmir Talks
- 15 hours ago
Taifi Butt arrested in murder case of Amir Balaj Tipu in Dubai
- 20 hours ago
The Democrats’ shutdown strategy is terrible. Here’s a better one.
- 18 hours ago
Gold prices increase in Pakistan, global markets
- 16 hours ago
How Gaza aid flotilla used cameras, data to win global attention
- 19 hours ago
14 terrorists neutralised in Khuzdar security operation: ISPR
- 19 hours ago
Bottom 10: There's no whitewashing Penn State's latest big-game flop
- 4 hours ago
PIA to resume UK flight operations from Oct 25
- 20 hours ago
Cyclone ‘Shakti’ in Arabian Sea intensifies: Met Office
- 19 hours ago
Amazon announces a new Echo Studio
- 20 hours ago
ISPR warns of aggressive response to any Indian misadventure
- 14 hours ago
Meta rolls out Instagram Map in Pakistan
- 15 hours ago
