Gold prices in Pakistan declined on Thursday, tracking another round of losses in the international bullion market.
In domestic trading, gold per tola slipped to Rs. 441,462, marking a decrease of Rs. 1,700 during the session.
Rates for 10-gram gold stood at Rs. 378,482, down by Rs. 1,457, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Wednesday, the market recorded a sharp fall, with the per-tola price dropping to Rs. 444,162 after a Rs. 2,700 slide.
In international markets, gold prices declined by $17 to reach $4,191 per ounce, including a $20 premium. Silver prices also softened, falling by Rs. 85 to settle at Rs. 6,000 per tola in Pakistan.
Global traders booked profits and remained cautious ahead of next week’s U.S. Federal Reserve meeting. Investors are watching upcoming economic data closely for hints on future interest rate decisions.
Spot gold was down 0.5% at $4,179.71 per ounce as of 0617 GMT, while U.S. gold futures for December delivery eased 0.5% to $4,210.20 per ounce.
