Price of yellow metal reaches Rs396,800 per tola after a decline of Rs2,000
Karachi: Gold prices in Pakistan plunged on Thursday in line with their loss in the international market. The price of yellow metal reached Rs396,800 per tola after a decline of Rs2,000 during the day.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs340,192 after it lost Rs1,714.
On Wednesday, gold price per tola was unchanged at Rs398,800.
The international rate of gold also saw a decrease today. The rate was at $3,750 per ounce (with a premium of $20), a loss of $20, as per APGJSA.
Furthermore, international gold prices held steady on Thursday as investors awaited key US economic data for further insights into Federal Reserve policy, with a slightly weaker dollar lending some support to bullion. Spot gold was steady at $3,734.04 per ounce, as of 0202 GMT.
US gold futures for December delivery were unchanged at $3,765.20.
The US dollar index fell 0.1%, making greenback-priced bullion less expensive for overseas buyers.
NFLPA: Player safety requires trained, pro refs
- 11 hours ago
World food price rise set to continue if Iran war lasts, FAO says
- 12 hours ago
PSL 11th Edition: Multan Sultans beat Hyderabad Kingsmen by six wickets
- 6 hours ago
Fuel crisis: Sindh announces Rs2,000 subsidy for bikers
- 12 hours ago
Rooney: Rodgers to make decision before draft
- 11 hours ago
US fighter jet shot down over Iran, search underway for crew, US officials say
- 6 hours ago
QB Mendoza puts on show at Indiana pro day
- 11 hours ago
6.3-magnitude earthquake rocks Islamabad, Punjab, KP
- 6 hours ago
Pats' Vrabel doesn't dismiss Brown trade chatter
- 11 hours ago
World anxious to open Hormuz Strait while Trump and Iran trade threats
- 11 hours ago
Sale dominates A's despite being 'sick as a dog'
- 11 hours ago
Mets' Lindor on gaffes: 'Should have been better'
- 11 hours ago
