Gold Price in Pakistan Goes Down After Hitting Record High Last Week

The price of gold in Pakistan fell slightly on Tuesday to settle at Rs. 250,500 per tola. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) fell by Rs. 500 per tola to Rs. 250,500, while the price of 10 grams was down Rs. 429 to Rs. 214,763. It is pertinent to mention here that last week the price of the precious metal surged to an all-time high of Rs. 254,000 per tola. However, the price has seen a slight correction since then. In the international market, spot gold held its ground at $2,398.29 per ounce, as of 0035 GMT, while the US gold futures climbed 0.1 percent to $2,397.70.