Gold prices in Pakistan continued to decline for the second consecutive day as the rupee shed 1.46 against the US dollar in the interbank trading on Tuesday.
According to data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the domestic price of the precious metal (24 karat) lost Rs6,300 per tola and Rs5,402 per 10 grammes to settle at Rs232,800 and Rs199588, respectively.
Meanwhile, the price of the yellow metal fell by $9 to settle at $1,931 per ounce in the international market today.
The gold rate has been volatile in Pakistan recently amid continued political and economic uncertainty, and high inflation.
Data shared by the association showed the price of silver 24 karat dipped by Rs100 per tola and Rs85.74 per 10 grammes to settle at Rs2,800 and 2400.5, respectively.
It is pertinent to mention here that the local unit witnessed a devaluation of Rs1.46 against the greenback in the interbank trading and closed at Rs307.10 against the previous day’s closing of Rs305.64.
