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Gold Prices Drop– The price of gold in Pakistan decreased by Rs. 1,200 per tola on Tuesday, settling at Rs. 241,100 per tola.
As reported by the Karachi Sarafa Association, the cost of 24-carat gold dropped by Rs. 1,200 per tola, reaching Rs. 241,100, with a similar decline observed in the price of 10 grams of gold.
On the previous day, gold prices had similarly decreased by Rs. 1,200 per tola. Last week, gold prices rose by Rs. 5,500 per tola after experiencing a decline of over Rs. 14,000 per tola in the preceding two weeks.
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Meanwhile, on the global market, spot gold increased by 0.4 percent to $2,344.92 per ounce by 0903 GMT, following a 1 percent drop on Monday. Additionally, US gold futures saw a rise of 0.3 percent, reaching $2,350.50.