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Home Business Gold freefall continues unabated in Pakistan

Gold freefall continues unabated in Pakistan

Gold prices plummet by Rs4,000 per tola.

by NWMNewsDesk
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Domestic gold price continued its downward march for the fifth consecutive day on Friday, sliding another Rs4,000 per tola.

According to data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of the yellow metal (24 karat) lost Rs4,000 per tola and Rs3,430 per 10 grammes to settle at Rs212,500 and Rs182,184, respectively.

Meanwhile, the price of bullion rose by $2 to settle at $1,923 per ounce in the international market today.

The gold rate has been volatile in Pakistan recently amid continued political and economic uncertainty, and high inflation.

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Data shared by the association showed the price of silver 24 karat remained firm at Rs2,650 par tola and Rs2,271.94 per 10 grammes in the local market

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