Gold prices fall in domestic market

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Staff Reporter
Karachi

The per tola gold price on Thursday registered a decrease of Rs 800 to Rs 109,300 in the domestic market.

Sharing the price of the precious metal, All Pakistan Jewellers Manufacturers Association Chairman Muhammad Arshad said that the rate of 10 grams of the yellow metal decreased by Rs 680 to Rs 93,707.

In the international market, gold prices fell on Thursday as investors tried to grasp mixed signals from U.S. Federal Reserve officials on interest rate hikes and awaited more economic data to gauge inflationary pressures.

Spot gold was down 0.1% at $1,776.20 per ounce by 0709 GMT, while U.S. gold futures fell 0.3% to $1,777.30. Gold has risen 0.7% so far this week, after last week’s 6% decline.

 

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