Gold rates down Rs250 per tola

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Staff Reporter

Karachi

The per tola gold price witnessed a decrease of Rs250 to Rs114,750 in the domestic market on Wednesday. Likewise, the rate of 10-gram gold decreased by Rs213 to Rs98,379, according to All Pakistan Jewelers Association. Meanwhile, gold prices in the international market rose on Wednesday, helped by a subdued dollar as investors bet on dovish monetary cues from the U.S Federal Reserve when it announces its policy decision later today. Spot gold was up 0.4% to $1,963.97 per ounce by 1131 GMT, while U.S. gold futures rose 0.4% to $1,973.50 per ounce. Elsewhere, silver rose 0.1% to $27.27 per ounce, while platinum fell 0.9%, to $969.83 and palladium slipped 1.2% to $2,381.82 per ounce.

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