Summary
- The price of one tola of gold fell to Rs410,936 after the latest reduction reflecting a modest downward adjustment in the domestic bullion market.
- The latest reduction follows a much sharper decline reported in the local market a day earlier, when the price of gold per tola fell by Rs4,900.
- The domestic gold market generally tracks international price movements, alongside currency exchange rates and local market conditions.
KARACHI: Gold prices recorded a slight decline in Pakistan on Saturday with the per-tola rate dropping by Rs700 according to the All Pakistan Sarafa Gems and Jewellers Association.
The price of one tola of gold fell to Rs410,936 after the latest reduction reflecting a modest downward adjustment in the domestic bullion market.
Meanwhile, gold prices also moved lower in the international market. The price of gold declined by $7 to reach $3,884 per ounce.
The latest reduction follows a much sharper decline reported in the local market a day earlier, when the price of gold per tola fell by Rs4,900.
The domestic gold market generally tracks international price movements, alongside currency exchange rates and local market conditions.
We welcome your contributions! Submit your blogs, opinion pieces, press releases, news story pitches, and news features to opinion@minutemirror.com.pk and minutemirrormail@gmail.com
