Second straight drop: Gold rate falls by Rs1,400 per tola

KARACHI: Gold prices in Pakistan continued their downward trend, falling for the second consecutive day, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, the price of gold in local markets dropped by Rs1,400 per tola, bringing the current rate to Rs260,100 per tola.

This decline follows a Rs1,000 per tola decrease recorded on Tuesday, driven by a downturn in international gold prices.

Globally, gold prices also experienced a dip on Wednesday. The APGJSA reported that the international rate of gold fell by $17 per ounce, settling at $2,481 per ounce, including a $20 premium.

In August, gold prices in Pakistan had surged to a record high of Rs263,700 per tola.

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