Monday, September 26, 2022

Gold prices witness steep decline in Pakistan

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KARACHI: Despite increase in the international market, the gold prices witnessed a decline in Pakistan as per tola price of precious yellow metal plunged by Rs2800 on Thursday, ARY News reported.

According to the All Pakistan Jewellers Manufacturers Association, the per tola price of gold decreased by Rs2800 to Rs142,600 while the price of 10 grams was reduced by Rs2397 to Rs122, 256.

The precious commodity witnessed an increase of Rs5500 yesterday (Wednesday).

The gold hit an all-time high of Rs162,500 per tola on July 28.

In international market, gold prices slipped below $1,700 an ounce in July from more than $2,000 earlier in the year as rising interest rates triggered selling by Western investors.

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