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KARACHI: Gold prices fell in Pakistan despite remaining stable in international markets.
As trading began in the new week, per tola gold prices fell by Rs1,280 to Rs212,100.
Similarly, the 10 gram price fell by Rs1,028 to Rs81,842. Meanwhile, prices in the international market remained stable at $2,550.
Meanwhile, the Monetary Policy Committee (MPC) of the State Bank of Pakistan on Monday maintained the policy rate at 22%, a statement said.
“The MPC reiterated its earlier view that the real policy rate is significantly positive on 12-month forward-looking basis and is appropriate to bring inflation down to the medium-term target of 5 – 7% by end of fiscal year 2025. However, the MPC noted that this outlook is based on continued fiscal consolidation and timely realisation of planned external inflows,” it added.