Gold prices in Pakistan posted another small decrease on Monday in line with trends in international prices.
The price of one tola lost Rs. 1,600 to settle at Rs. 495,362, while 10 grams dropped by Rs. 1,371 to reach Rs. 424,693, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Today’s losses come after US President Donald Trump’s announcement on Sunday that the United States Navy will begin blockading the Strait of Hormuz “immediately” after peace talks with Iran in Pakistan ended without an agreement.
On Saturday, gold lost Rs. 700 to reach Rs. 496,962 per tola.
Silver decreased by Rs. 130 to reach Rs. 7,934 per tola.