Gold prices in Pakistan decreased on Wednesday in line with their loss in the international market. In the local market, gold price per tola reached Rs443,162 after a decline of Rs1,000 during the day.
Similarly, 10-gram gold was sold at Rs379,939 after it fell by Rs858, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Tuesday, gold price per tola reached Rs444,162 after a decline of Rs2,700 during the day.
The international rate of gold declined by $10 to reach $4,208 per ounce (with a premium of $20).
Meanwhile, the price of silver also increased by Rs81 to reach Rs6,085 per tola.
Moreover, international gold regained ground on Wednesday as investors clung to expectations of a Federal Reserve rate cut, with a raft of US data this week to set the course for monetary policy, while silver vaulted to a record high.
Spot gold rose 0.4% to $4,222.22 per ounce, as of 0506 GMT, after falling more than 1% in the previous session.
US gold futures for December delivery were up 0.8% at $4,252.90 per ounce.
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