KARACHI – Gold prices witnessed a marginal drop in Pakistan following a plunge in the international market.
Data shared by the local Sarafa market suggest that the 24 carats of gold witnessed a drop of Rs400 and the new price settled at Rs209,200 per tola.
Meanwhile, the price of 10-gram gold saw a decline of Rs343, and the new price settled at Rs179,355.
In the international market, the price of gold reached $1975 per ounce after a drop of around $26.
Bullion remained volatile in the country amid continued political and economic uncertainty and soaring inflation, and people prefer to buy bullion in such times as a safe investment.
The government however tightened noose around hoarders and smugglers in recent weeks to curb the spiraling prices.
Pakistani rupee further advances against US dollar in inter-bank, open market
