KARACHI – Gold witnessed a decline in its value in the domestic market as Pakistan rupee strengthened against the US dollar in interbank market on hopes of revival of the loan programme.
The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) data shows the price of gold (24 carats) decreased by Rs2,000 per tola and Rs1,715 per 10 grams to reach Rs198,000 and Rs169,753, respectively.
In the international market, the price of the precious metal dropped by $8 to reach $1,849.
The Pakistani rupee recovered 0.19% against the US dollar in the interbank market, settling at 277.92 as compared to yesterday’s Rs278.46.
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