In the domestic market, gold prices have fallen precipitously

KARACHI – According to News, the per tola gold price in the domestic market fell by Rs900 to Rs111,800 on Thursday.

In the domestic market, gold prices have fallen precipitously
Image by ARY NEWS

All Pakistan Jewelers Manufacturers Association Chairman Muhammad Arshad shared the precious metal's pricing, stating that the rate of 10 grammes of gold has also fallen by Rs771 to Rs95,850 today.

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Gold prices in the international market remained near $1,900 per ounce on Thursday as investors anticipated major economic data from the United States, but a stronger dollar weighed on metal prices.

Spot gold was up 0.2 percent at $1,900.30 per ounce after reaching a high of $1,912.50 on Wednesday, its highest since Jan. 8.

Gold futures in the United States fell 0.1 percent to $1,901.50 per ounce.

Palladium increased 0.5 percent to $2,757.06 per ounce, silver remained stable at $27.68, while platinum increased 0.3 percent to $1,194.55.

The US currency gains ground versus the Indian rupee.

On Thursday, the US dollar continued to rise against the Pakistani rupee in the interbank currency market for the fourth day in a row.

According to the State Bank of Pakistan (SBP), the US dollar finished at Rs154.84 against the Pakistani rupee, up six paisas from the previous closing of Rs154.78.

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