Gold prices in Pakistan continued to decrease on Tuesday in line with their loss in the international market. In the local market, gold price per tola reached Rs416,362 after a decline of Rs14,000 during the day.
As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs356,963 after it lost Rs12,003.
On Monday, gold price per tola reached Rs430,362 after a decline of Rs3,300 during the day.
Meanwhile, the international rate of gold saw a decrease today. The rate was at $3,940 per ounce (with a premium of $20), a loss of massive $140, as per APGJSA.
Moreover, silver price per tola also decreased by Rs173 to reach Rs4,924.
International gold prices regained some lost ground on Tuesday, rising above the $4,000-per-ounce level as a weaker dollar and expectations of further Federal Reserve rate cuts outweighed pressure from signs of a thaw in U.S.-China trade tensions.
Spot gold was up 0.7% at $4,009.39 per ounce, as of 0141 GMT, after dropping more than 3% on Monday to its lowest level since October 10. U.S. gold futures for December delivery rose 0.1% to $4,022.10 per ounce.