Gold Rate in Pakistan Falls Marginally But Hovers Near Record High 

The price of gold in Pakistan fell marginally on Monday but remained above the Rs. 275,000 per tola mark.  According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) was down by Rs. 500 per tola to Rs. 275,500, while the price of 10 grams fell by Rs. 428 to Rs. 236,197.  The price of gold surged by Rs. 3,500 per tola last week to settle at Rs. 276,000 per tola, just Rs. 1,000 shy of the all-time high mark.  In the international market, spot gold was down 0.3 percent to $2,648.88 per ounce as of 1010 GMT, while the US gold futures climbed 0.1 percent to $2,671.00.  However, despite today’s decrease, gold prices are set for their biggest quarterly increase in over eight years.