For the latest Gold Rates in Pakistan, click here: https://theasianmirror.com/finance/gold-rate-in-pakistan-today/
Gold slips below Rs200,000 per tola in Pakistan. All-After a pause of over a month, the Pakistan Sarafa Gems and Jewellers Association (APSGJA) published the bullion prices on Tuesday, with the price of the precious metal dropping by more than Rs15,000 per tola.
The price of gold (24 carats) declined by Rs 15,500 per tola and Rs 13,546 per 10 grammes, according to data made public by the APSGJA, to settle at Rs 199,500 and Rs 171,039, respectively.
On September 12, when the price of the yellow metal was Rs215,000 a tola, bullion rates were last published.
But because of the hazy economic climate, rumours were spreading. Then the government intervened and started going after the speculators, which led to the suspension of the bullion rates.
As Gold slips below Rs200,000 per tola in Pakistan, Gold traders have quoted prices for the yellow metal on a whim since there were no regular rates issued over these 28 days.
The cost of the yellow gold, meanwhile, significantly dropped, falling by $55 to settle at $1,891 per ounce on the world market.
According to information provided by the organisation, the price of silver dropped by 50 rupees per tola and 42.87 rupees per gramme to settle at Rs 2,500 and Rs 2.143.34, respectively.
When the rates weren’t made public, the shaky status of the gold market had highlighted divisions inside the jewellery industry, with tales of internal grouping and division coming to light.
