Gold Rate Today in Pakistan 23-09-22
Karachi: Gold prices in Pakistan witnessed a fall as the Tola price of the precious yellow metal recorded a fall of Rs 850 on Friday, ARY News reported.
According to the All Pakistan Jewelers Manufacturers Association, the per tola of gold declined by Rs 850 to Rs 153,850, while that of 10 grams declined by Rs 728 to Rs 131,902.
Gold had hit an all-time high of Rs 162,500 per tola on July 28.
In the international market, gold prices fell more than 1% to their lowest level since April 2020, as a cocktail of factors from a firmer dollar and concerns about more US interest rate hikes to US bond yields. reduced its appeal.
Spot gold was down 1.3% at $1,648.59 an ounce and was on course to be down 1.6% for a second consecutive weekly decline. US gold futures fell 1.5% to $1,656.20.