Thursday September 22, 2022

Gold Prices Fall By Rs400 per Tola

KARACHI: Gold resumed its downtrend in Pakistan in line with the fluctuation in the international market.

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 as 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.

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