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Gold prices in Pakistan witnessed a significant decrease on Wednesday.
As per data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24 karat per tola gold decreased by Rs1600 and was sold at Rs301,500. Similarly, the price of 10 grams of 24-karat gold also decreased by 1,372 to Rs258,487.
On Tuesday, gold price per tola gained Rs100 to reach an all-time high of Rs303,100.
Meanwhile, the international rate of gold decreased on Wednesday. As per APGJSA, the rate was at $2,888 per ounce (with a premium of $20) and was down by $16 during the day.
Meanwhile, silver prices remained stable at Rs3,312 per tola.
Internationally, gold prices slipped on Wednesday after rising to an all-time high in the previous session, as Federal Reserve Chair Jerome Powell’s hawkish comment cemented views of slower rate cuts this year, while investors awaited a key US inflation report.
