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Gold prices edge lower in Pakistan

03 September, 2024 17:40

Gold rates in Pakistan registered a decline on Tuesday, in line with the decrease in international market.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the per tola price of precious yellow metal was decreased by Rs1,000, reaching Rs261,500.

Similarly, the 10-gram gold price dropped by Rs857, selling at Rs224,194.

In contrast, silver prices maintained stable at Rs2,950 per tola.

At global front, the international gold rate also fell, with a decrease of $5 per ounce, bringing the price to $2,498 (with a premium of $20).

The decline comes after gold prices reached a record high of Rs263,700 per tola in Pakistan last month.

The APGJSA shared the updated rates, providing insight into the local market’s response to global trends.

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