Gold prices dip further in Pakistan

Gold prices dip further in Pakistan

After the devaluation of the dollar against the Pakistani currency, thelocal market observed a decrease in the rates of gold on Wednesday.

The prices of pure gold of 24 karats dipped from Rs400 to Rs143,100 pertola.

All Sindh Sarafa Bazaar Association representatives said the rates of 10gram gold of 24 karats are also reduced by Rs343 to Rs122,685.

Interestingly, an increase in gold prices was seen in the global market asthe gold rates rose by US$14 to reach US$1,791 per ounce.