Gold rates in Pakistan maintain downward trend

Business May, 2 2024
Gold rates in Pakistan maintain downward trend
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ISLAMABAD: The per tola rate of 24 karat gold decreased by Rs 900 and was sold at Rs 241,000 on Thursday compared to its sale at Rs 241,900 on last trading day.

The price of 10 grams of 24 karat gold also decreased by Rs 771 to Rs 206,619 from Rs 207,390 whereas the prices of 10 gram 22 karat gold went down to Rs 189,400 from Rs 190,108, the All Sindh Sarafa Jewellers Association reported.

The price of per tola silver decreased by Rs.10 to Rs.2,620 whereas that of ten gram silver went down by Rs.8.58 to Rs2,246.22.

The price of gold in the international market decreased by $8 to $2,308 from $2,316, the association reported.

On April 30, Gold prices declined in Pakistan as per tola price slashed by Rs 2000.

According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-krat gold declined by Rs2000 to reach Rs241,900 in the domestic market.

Similarly, the 10 grams of gold stood at Rs207,390 following a decline of Rs1715.

In international market, spot gold was down 1% at $2,312.17 per ounce, pressured by firmer dollar that makes the metal more expensive for overseas buyers. U.S. gold futures fell 1.4% at $2,324.80.

 

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