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KARACHI: Gold suffered more losses on Tuesday in the domestic market of Pakistan in line with decreasing international prices.
Data shared by All Pakistan Gems and Jewellers Association showed per tola gold price dipped by Rs7,800 to reach Rs240,900.
Similarly, the price of 10-gram gold plunged by Rs6,687 to close at Rs206,533. In the international market, the price of gold dropped by $72 to close at $2,309 per ounce. This marks the first such a substantial drop in Pakistan’s gold market history.
A day earlier, the price of per tola gold dipped by Rs3,500 to settle at Rs248,700. The price of 10-gram gold dropped by Rs3,021 to close at Rs203,220 in Pakistan.
The price of per tola silver decreased by Rs.100 to Rs.2,650 from Rs.2,750 whereas that of ten gram silver declined by Rs.85.74 to Rs.2,271.9 from Rs.2,357.68.
This decline is attributed to a decrease in the global market price, where prices fell by $72 per ounce.
