Gold price falls Rs4,900 per tola in Pk

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KARACHI – Gold registered downward trend in the domestic market after a whooping increase a day ago as Pakistan rupee gained ground against the US dollar in interbank market.

The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) data shows the price of gold (24 carats) moved up by Rs4,900 per tola and Rs4,200 per 10 grams to reach Rs201,600 and Rs172,840, respectively.

In the international market, the per ounce price of gold decreased by $13 to reach $1,849.

The Pakistani rupee recovered 2.36% against the US dollar in the interbank market, settling at 278.46 as compared to yesterday’s Rs285.09.

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