Gold prices in Pakistan see huge decrease
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Gold prices in Pakistan Monday saw a huge decrease of Rs1800 per tola as the US dollar loses its value against Pakistan rupee, reported 24NewsHD TV channel.
Data released by the All Pakistan Sarafa Gems and Jewellers Association showed that the price of the 24-karat gold decreased by Rs1,800 per tola and Rs1,544 per 10 grams to settle at Rs150,000 and Rs128,600, respectively.
Similarly, the price of 10 grams of 22-Karat gold reaches Rs117884.
In the international market, the price of the yellow metal declined by $4 per ounce settling at $1,640.
The precious commodity's rates in Pakistan are around Rs1,500 below the cost compared to the rate in the Dubai market.
Meanwhile, silver prices in the domestic market remained unchanged at Rs1,580 per tola and Rs1,354.60 per 10 grams.