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Gold prices drop in Pakistan

12 September, 2024 13:54

After hitting a record-high, gold prices witnessed a slight dip both in local and international markets on Thursday.

According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold prices saw a Rs1,000 cut in per tola prices as it falls to Rs263,000.

Similarly, the 10-gram gold price was cut by Rs857 per tola to settle at Rs225,480.

Spot gold was witnessed a drop of $8, as it is being retailed at $2,515 per ounce by 1031 GMT. U.S. gold futures were little changed at $2,535.20.

Spot silver rose 0.2% to $28.39 per ounce.

On the other hand, Oil prices rose during Asian trade on Thursday, spurred by concerns of Hurricane Francine impacting output in the US.

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