Reduced gold price per tola by Rs200 observed in Pakistan
Gold Prices Fall in Pakistan Due to International Rate Decrease
Gold prices in Pakistan saw a decline on Wednesday, following a drop in the international gold rate. The latest decrease was linked to a $15 fall in the global price of gold per ounce, which settled at $3,330 on Wednesday [1][3].
In the local market, the 24-carat gold price dropped by Rs1,500 per tola, reaching Rs355,700, and 10 grams of gold was sold at Rs304,955 [1][3]. The premium in Pakistan over the international price was around $20 during this period.
On Tuesday, the gold price per tola was Rs358,300, but it decreased by Rs500 during the day. However, no information about the change in the Pakistani gold rate from Tuesday to Wednesday is available [1][3].
Meanwhile, the price per tola of silver in Pakistan increased today, reaching Rs4,072. This marks an increase of Rs59 compared to the previous day's price [1][3].
Interestingly, the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported a loss of $2 in the international gold rate [2]. Despite this, the gold price per tola in Pakistan lost Rs171 on Wednesday [1][3].
It's important to note that silver prices remained stable during this period, unlike gold [1][3].
[1] - Based on information provided by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) [2] - The international gold rate decrease was accompanied by a premium of $2, as reported by the APGJSA. [3] - All data is current as of Wednesday's market close.
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