Gold prices in Pakistan fell on Thursday, mirroring declines in the international market.
In the local market, the price of gold per tola dropped to Rs. 441,462 after a decrease of Rs. 1,700 during the day.
Similarly, 10-gram gold was sold at Rs. 378,482, down by Rs. 1,457, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Wednesday, the price per tola had reached Rs. 444,162 after a decline of Rs. 2,700 during the day.
Internationally, the price of gold declined by $17 to reach $4,191 per ounce, including a $20 premium. Meanwhile, the price of silver in the local market also decreased by Rs. 85 to Rs. 6,000 per tola.
Global gold prices dipped on Thursday as investors booked profits and adopted a cautious stance ahead of next week’s U.S. Federal Reserve meeting, awaiting key data for clearer signals on the central bank’s interest rate outlook. Spot gold slipped 0.5 percent to $4,179.71 per ounce as of 0617 GMT, while U.S. gold futures for December delivery were down 0.5 percent at $4,210.20 per ounce.
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