ISLAMABAD: The per tola price of 24 karat gold in Pakistan decreased by Rs.3,600 and was sold at Rs.213,700 on Wednesday compared to its sale at Rs. 217,300 on the last trading day.
The price of 10 grams of 24 karat gold also decreased by Rs.3,087 to Rs.183,213 from Rs. 186,300 whereas the price of 10 grams 22 karat gold went down to Rs.167,945 from Rs. 170,775 the All Sindh Sarafa Jewellers Association reported.
The price of per tola silver decreased by Rs.50 to Rs.2,600 whereas that of ten-gram silver declined by Rs.42.86 to Rs.2,229.08.
The price of gold in the international market decreased by $22 to $2,045 from $.2,067, the Association reported.
Meanwhile, the United States Dollar continued to depreciate against the Pakistani rupee on Wednesday.
The Us dollar began the day with the loss of 49 paisas to fall to Rs279.75 in the interbank trade.
On Tuesday, the exhange rate had remained stable at Rs280.24, with the SBP saying there had been 0% change in value.
Since crossing the Rs300 mark a few months ago, the value of the dollar has slowly decreased in the face of a crackdown by the government against hoarding and smuggling.
The local currency started to make some ground against the dollar in interbank and open markets after the International Monetary Fund reached a staff-level agreement with Pakistan on a $3 billion stand-by agreement in July 2023.
