- Gold prices declined by Rs 4,500 per tola.
- Silver prices remained unchanged in the local market.
- The yellow metal strengthened by $7 in the international market.
Karachi: Despite the rise in prices in the international market, gold prices in Pakistan saw a big fall on Tuesday.
According to the data released by the All-Pakistan Sarafa Gems and Jewelers Association (APSGJA), gold (24 carat) declined by Rs 4,500 per tola and Rs 3,858 per 10 grams to Rs 204,500 and Rs 175,326, respectively. ,
Meanwhile, the yellow metal traded marginally higher at $1,925 an ounce in the international market today, up by $7.
The gold rate has been volatile recently amid ongoing political and economic uncertainty and high inflation in Pakistan. People like to buy this precious item in such times as a safe investment and hedge.
Data shared by the association showed that silver remained flat at Rs 2,480 per tola and Rs 2,26.20 per 10 grams in the second session this week.
A day ago, the price of bullion had increased by Rs 800 per tola and Rs 686 per 10 grams.
Meanwhile, the local currency gained a minimum of 0.44% against the greenback at the interbank market today, according to data shared by the State Bank of Pakistan (SBP).
The rupee closed at Rs 278.57 against the dollar.
