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Gold price witnessed a decrease of Rs 2,000 per tola in Pakistan on Tuesday.
Data provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the rate of gold (24 carats) decreased by Rs2,000 per tola and Rs1,714 per 10 grams to settle at Rs233,100 and Rs199,846, respectively,
The international rate went down $9 to reach $2,006 per ounce. Consequently, the domestic rate also decreased.
Meanwhile, gold has been on an uptrend in Pakistan recently due to several factors — economic and political turmoil, high inflation, and currency depreciation. People prefer to buy the yellow metal in such times as a safe investment and a hedge.