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 Rs434,762 after a decline of Rs1,000 during the day.
Similarly, 10-gram gold was sold at Rs372,738 after it fell by Rs857, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Tuesday, gold price per tola reached Rs435,762 after a gain of Rs5,900 during the day.
The international rate of gold declined by $10 to reach $4,124 per ounce (with a premium of $20).
Meanwhile, the price of silver increased by Rs81 to reach Rs5,434 per tola.
Moreover, international gold prices slipped on Wednesday, pulled down by a rebound in the dollar and profit-booking after bullion rose to a near three-week high in the previous session on expectations of interest rate cuts by the Federal Reserve next month.
Spot gold was down 0.5% at $4,107.41 per ounce, as of 0421 GMT, after hitting its highest since October 23 on Tuesday.
US gold futures for December delivery edged 0.1% lower to $4,113.80 per ounce.
American Dollar Exchange Rate