Gold Prices Drop 10g Gold at Rs242,970 as Global Rates Ease
The price for 10 grams of gold also fell by Rs771 to Rs242,970, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
In the international market, gold was priced at $2,739 per ounce, down by $9 during the day, with an additional premium of $20.
Meanwhile, silver prices remained stable at Rs3,350 per tola.
Gold prices eased on Monday, weighed down by a firmer dollar and higher Treasury yields while traders await a slew of U.S. economic data for guidance on the U.S. Federal Reserve’s interest rate stance.
Spot gold lost 0.6% to $2,731.79 an ounce. Bullion hit a record high of $2,758.37 last Wednesday, lifted by safe-haven demand in the face of market risks from continuing conflict in the Middle East and Ukraine.
U.S. gold futures declined 0.4% to $2,744.20.
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