Pakistan-Gold price declines by Rs700 per tola

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KARACHI – Gold continued its losing streak in the domestic market on Tuesday as rupee slightly strengthened against the US dollar in the interbank and open markets amid positive vibes from the IMF for revival of the loan programme.

The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) data shows the price of gold (24 carats) decreased by Rs700 per tola and Rs600 per 10 grams to reach Rs197,300 and Rs169,153, respectively.In the international market, the price of the precious metal dropped by $7 to reach $1,842.

Meanwhile, silver prices in the domestic market remained unchanged at Rs2,140 per tola and Rs1,834.70 per 10 grams, respectively.The Pakistani rupee recovered 0.02% against the US dollar in the interbank market, settling at 277.87 as compared to yesterday’s Rs277.92.

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