Gold prices in Pakistan decreased on Monday in line with their loss in the international market. In the local market, gold price per tola reached Rs533,362 after a decline of Rs6,500 during the day.
Similarly, 10-gram gold was sold at Rs457,271 after it fell by Rs5,573, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Saturday, gold price per tola reached Rs539,862 after a gain of Rs6,100 during the day.
The international rate of gold declined by $65 to reach $5,106 per ounce (with a premium of $20).
Meanwhile, the price of silver also decreased by Rs37 to reach Rs8,894 per tola.
Furthermore, international gold fell on Monday, as a stronger US dollar weighed on the greenback-priced bullion, while higher energy costs fuelled inflation concerns and further dimmed the prospects for near-term reductions in interest rates.
Spot gold was down 1.5% at $5,091.02 per ounce, as of 0233 GMT, after falling more than 2% earlier in the session.
US gold futures for April delivery were down 1.2% at $5,097.40.
The dollar rose to a more-than-three-month high, making bullion more expensive for holders of other currencies.
Gold prices in Pakistan decreased on Monday in line with their loss in the international market. In the local market, gold price per tola reached Rs533,362 after a decline of Rs6,500 during the day.
Similarly, 10-gram gold was sold at Rs457,271 after it fell by Rs5,573, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Saturday, gold price per tola reached Rs539,862 after a gain of Rs6,100 during the day.
The international rate of gold declined by $65 to reach $5,106 per ounce (with a premium of $20).
Meanwhile, the price of silver also decreased by Rs37 to reach Rs8,894 per tola.
Furthermore, international gold fell on Monday, as a stronger US dollar weighed on the greenback-priced bullion, while higher energy costs fuelled inflation concerns and further dimmed the prospects for near-term reductions in interest rates.
Spot gold was down 1.5% at $5,091.02 per ounce, as of 0233 GMT, after falling more than 2% earlier in the session.
US gold futures for April delivery were down 1.2% at $5,097.40.
The dollar rose to a more-than-three-month high, making bullion more expensive for holders of other currencies.
American Dollar Exchange Rate