{"id":231069,"date":"2021-12-05T08:47:22","date_gmt":"2021-12-05T03:47:22","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=231069"},"modified":"2021-12-05T08:47:22","modified_gmt":"2021-12-05T03:47:22","slug":"gold-loses-traction-price-drops-by-rs600-per-tola-in-pakistan","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/gold-loses-traction-price-drops-by-rs600-per-tola-in-pakistan\/","title":{"rendered":"Gold loses traction, price drops by Rs600 per tola in Pakistan"},"content":{"rendered":"<p> KARACHI<br \/>\nGold price in Pakistan fell by Rs600 per tola and Rs514 per 10 grams owing to the rising strength of the dollar in the international market.<br \/>\nOn Saturday, domestic gold prices settled at Rs123,400 per tola and Rs105,796 per 10 grams.<br \/>\nThe international gold price gained $11 per ounce to $1,784 today as uncertainty sparked by the Omicron coronavirus variant and a dip in US Treasury yields boosted the safe-haven metal\u2019s appeal.<br \/>\nCumulatively, during the week, the bullion gained around Rs600 per tola.<br \/>\nAnalysts believe that inflation is always a favourable scenario for gold with concerns regarding an economic slowdown in Pakistan and worldwide adding fuel to the uptrend in gold prices.<br \/>\nLocal gold dealers said that the return of inflationary days in Pakistan and around the world has once again invited investors\u2019 attention towards the yellow metal.<br \/>\nMeanwhile, silver prices in the domestic market remained unchanged at Rs1,460 per tola and Rs1,251.71 per 10 grams.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI Gold price in Pakistan fell by Rs600 per tola and Rs514 per 10 grams owing to the rising strength of the dollar in the international market. On Saturday, domestic gold prices settled at Rs123,400 per tola and Rs105,796 per 10 grams. The international gold price gained $11 per ounce to $1,784 today as uncertainty [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-231069","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold loses traction, price drops by Rs600 per tola in Pakistan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/gold-loses-traction-price-drops-by-rs600-per-tola-in-pakistan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold loses traction, price drops by Rs600 per tola in Pakistan\" \/>\n<meta property=\"og:description\" content=\"KARACHI Gold price in Pakistan fell by Rs600 per tola and Rs514 per 10 grams owing to the rising strength of the dollar in the international market. On Saturday, domestic gold prices settled at Rs123,400 per tola and Rs105,796 per 10 grams. The international gold price gained $11 per ounce to $1,784 today as uncertainty [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/gold-loses-traction-price-drops-by-rs600-per-tola-in-pakistan\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-05T03:47:22+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script 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