Gold prices in Pakistan register decline

Gold prices in Pakistan register decline

Islamabad: The gold price in Pakistan recorded a trivial fall on Tuesday asthe price declined by Rs 150 per tola and was sold at Rs 146,000.

According to the All Sindh Sarafa and Jeweller Association, the price of 10gram 24-karat gold also dropped by Rs 129 and was sold at Rs 125,171.

Last week the price of gold recorded an overall gain of Rs 4,100, or 2.96%,per tola.

Meanwhile, silver prices in the domestic market remained unchanged at Rs1,540 per tola and Rs 1,320.30 per 10 grams today.

It should be noted that the gold price is standing below cost and ischeaper by Rs 3,000 per tola compared to Dubai.

In the international market, bullion prices gained by $4 per ounce tosettle at $1,733 as cautious investors weighed economic risks againsthawkish signals from Federal Reserve officials ahead of a central banksymposium this week.