Summary Gold prices in Pakistan fall by Rs10,900 per tola to Rs416,536 as international rates drop below $4,000 per ounce amid expectations of US interest rate hikes.
KARACHI (Dunya News) – Gold prices recorded a sharp decline in Pakistan, with the price of 24-karat gold falling by Rs10,900 per tola amid expectations of higher interest rates in the United States.
According to the All Pakistan Sarafa Association, the price of 24-karat gold dropped by Rs10,900 to Rs416,536 per tola.
Similarly, the price of 10 grams of gold declined by Rs9,345 to Rs357,112.
Silver prices also fell, with the per-tola rate decreasing by Rs190 to Rs5,578.
In the international market, gold prices fell below the key $4,000-per-ounce mark. The price dropped by $109 to $3,940 per ounce.
