Business
Gold price declines by Rs9,000 per tola
International spot gold is currently trading at $1,922.22, down by 0.15% compared to the previous close.
![Gold price declines by Rs9,000 per tola](/media/80959/conversions/vat-uae-gold-jewellery-1280x720.webp)
Karachi: The Gold price in Pakistan declined by Rs9,000 per tola on Tuesday.
As per the information provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the cost of 24-carat gold experienced a decline of Rs9,000 per tola, reaching a value of Rs2,06,000.
The price of 22-karat gold is fixed at Rs1,91,217 per tola while the price of 21 karats per tola gold sold for Rs1,82,525 in the Lahore Sarafa Market.
The price of 10 grams of silver is fixed at Rs2,700 per tola in the market.
The gold market in Pakistan witnessed a massive and unexpected drop in prices today, leaving consumers and investors baffled.
Earlier, the International gold prices fell on Monday as investors assessed the decision of the U.S. Federal Reserve officials regarding potential future interest rate hikes ahead of personal consumption expenditure (PCE) data due later this week.
International spot gold is currently trading at $1,922.22, down by 0.15% compared to the previous close.
To note, gold prices inched up by 0.09% last week, marking two consecutive weeks of appreciation.
Yesterday, the Sarafa Bazaar Association has not released the gold rates since the crackdown on gold speculators on Monday.
-
Pakistan 2 days ago
Free Meal Program to start at Islamabad schools from August 5
-
Pakistan 2 days ago
Nearly 50,000 Pakistani pilgrims go missing in Iraq: Minister
-
World 2 days ago
Nepali Airlines plane skids, crashes during take-off, 18 killed
-
World 2 days ago
Kamala leads Trump 44pc to 42pc in US presidential race
-
Pakistan 17 hours ago
Bad weather: Flight operations severely affected in Lahore
-
Pakistan 1 day ago
Pakistan welcomes “Declaration of Unity” by Palestinian factions
-
Business 12 hours ago
Gold price up by Rs1,000 per tola in Pakistan
-
Pakistan 1 day ago
Imran Khan to contest for Oxford Chancellor’s election from Jail