Gold prices fall by Rs1,700 per tola

KARACHI: Gold prices fell by Rs1,700 per tola on Saturday, settling at Rs283,000 per tola.

Similarly, the price of 10 grams of gold fell by Rs1,457, bringing it down to Rs242,627.

Read more: Second straight drop: Gold price falls by Rs2,500 per tola

The decline in gold price is dependent on the fluctuations in the global market, with local investors reacting to the changing economic conditions. This includes shifts in interest rates and inflation concerns.

In the global market, gold prices have seen volatility due to geopolitical tensions, changes in monetary policy and fluctuations in the value of the dollar.