KARACHI: Gold prices saw a sharp decline in the domestic market of Pakistan on Friday after witnessing massive gains in the previous two sessions.
Data shared by All Pakistan Gems and Jewellers Association showed per tola gold price dropped by Rs4,200 to settle at Rs228,200. Similarly, the price of 10-gram gold plunged by Rs3,600 in Pakistan.
In the international market, gold also suffered losses as per ounce price settled at $2,165 after registering a decline of $40.
A day earlier, the price of per tola gold increased by Rs4,600 to close at Rs232,400. The price of 10-gram gold surged by Rs3,943 to settle at Rs199,245 in the domestic market of Pakistan.
Meanwhile, Pakistani Rupee on Friday gained 26 paisa against the US dollar in the interbank trading and closed at Rs278.13 against the previous day’s closing of Rs278.39.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs278.2 and Rs280.95, respectively.
