*KARACHI: Gold prices witnessed a decline in Pakistan as per tola price ofprecious yellow metal plunged by Rs850 on Friday, ARY News reported.*
According to the All Pakistan Jewellers Manufacturers Association, the pertola price of gold decreased by Rs850 to Rs153,850 while the price of 10grams was reduced by Rs728 to Rs131,902.
The gold hit an all-time high of Rs162,500 per tola on July 28.
In the international market, gold prices fell more than 1% to their lowestsince April 2020 as a cocktail of factors from a robust dollar and elevatedU.S. bond yields to worries about more U.S. interest rate hikes diminishedits appeal.
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Spot gold was down 1.3% at $1,648.59 per ounce and on course for a secondstraight weekly decline, down 1.6%. U.S. gold futures fell 1.5% to$1,656.20.
