ISLAMABAD
Gold prices maintained their downward journey in the country after going down for the last three successive weeks, with the price of one tola of 24-karat gold dipping by Rs600.
According to the All-Pakistan Gems and Jewellers Association’s (APSGJA) data, the price of one tola of 24-karat gold decreased by Rs600 to Rs220,300 from Rs220,900. Similarly, the gold rate for 10 grams of 24-karat moved down to Rs188,870 from Rs189,390, showing a decrease of Rs520. Following suit, the gold price for 22-karat was recorded at Rs201,940 per tola against Rs 202,490 a day earlier and Rs173,130 per 10 grams against Rs173,600 a session earlier.
In the international market, as of 1325 hours GMT, the gold futures were available at $1,936.80 per ounce, showing a decrease of $14 (-0.72 percent). Out of the $14 per ounce decrease, -$2.85 was due to strengthening of the US dollar and -$11.15 was due to predominant sellers, according to Kitco Gold Index.
