Gold price per tola drops Rs3,400 in Pakistan

Gold drops 1% on hawkish Fed comments ahead of US inflation data

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Gold prices in Pakistan decreased on Wednesday in line with their loss in the international market. In the local market, gold price per tola reached Rs427,436 after a decline of Rs3,400 during the day.

Similarly, 10-gram gold was sold at Rs366,457 after it fell by Rs2,915, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, the gold price per tola reached Rs430,836 after a decline of Rs1,500 during the day.

The international rate of gold declined by $34 to reach $4,049 per ounce.

Meanwhile, the price of silver increased by Rs45 to clock in at Rs5,768 per tola.

Source: brecorder

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