Gold prices see huge decrease in Pakistan
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The gold prices in Pakistan Saturday saw a huge decrease in Pakistani markets as the precious yellow metal continued to depreciate in the international market. Reported 24NewsHD TV channel.
According to the All Sindh Jewellers Association, the price of one tola of 24-Karat gold saw a decrease of Rs3700 as it was being traded for Rs150100.
Similarly, the price of 10-gram of 24-Karat gold saw a decrease of Rs3216 as it was being traded for Rs128186.
In the international market, the price of one ounce of gold was decreased by $2 and was being traded for $1642 per ounce.
The jewellers said the increased gold prices have dealt a blow to their businesses as it has reduced the purchasing power of the people to a great extent.