Gold prices were muted on Wednesday in choppy trade due to the strengthening of the rupee and the possibility that the central bank might raise interest rates in response to record-high inflation, which kept investors on edge.pakistan
According to data released by the Pakistan All Sindh Saraf and Jewellers Association, the price of gold, which is regarded as a safe haven, fell by Rs3,500 per tola and Rs3,001 per 10 grammes to settle at Rs154,900 and Rs131,945 in the local market (ASSJA).
On July 28, the price of gold reached an all-time high of Rs162,500 per tola.
In Pakistan price of gold
It should be noted that the price of gd is currently below its actual cost. The price of gold is Rs 3,000 per tola less than it is in Dubai.
In order to take into account the prices at which trades between buyers and sellers occurred, the most recent price for local markets was established.
As the US dollar edged higher on the international market, gold prices rose by $6 per ounce to settle at $1,780; however, a decline in Treasury yields and escalating recession fears kept gold prices close to a four-week high.
In the meantime, domestic silver prices increased by Rs. 10 per tola and Rs. 8.57 per 10 grammes to close today at Rs. 1,640 per tola and Rs. 1,460.03 per 10 grammes.
