{"id":78137,"date":"2025-06-20T17:59:23","date_gmt":"2025-06-20T12:59:23","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=78137"},"modified":"2025-06-20T17:59:23","modified_gmt":"2025-06-20T12:59:23","slug":"gold-prices-drop-by-rs1600-in-pakistan-check-latest-rates-inside","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/gold-prices-drop-by-rs1600-in-pakistan-check-latest-rates-inside\/","title":{"rendered":"Gold prices drop by Rs1600 in Pakistan, Check latest rates inside"},"content":{"rendered":"

KARACHI: Pakistan gold prices<\/a> fell on Friday, following the global trend in the wake of changing investor sentiments and the temporary diminution of geopolitical tensions.<\/p>\n

The price per tola of gold slid by Rs1,595 to close at Rs357,000 in the domestic market, while the price of 10-gramme gold reduced by Rs1,368 to Rs306,069, quoting the All-Pakistan Gems and Jewellers Sarafa Association<\/a> (APGJSA).<\/p>\n

This\u00a0is\u00a0after recording\u00a0a\u00a0lower\u00a0fall\u00a0a day\u00a0before, when\u00a0gold’s\u00a0price\u00a0per tola\u00a0declined\u00a0by Rs460 to Rs358,595.<\/p>\n

Globally,\u00a0also in\u00a0gold prices,\u00a0came\u00a0losses\u00a0as\u00a0spot gold\u00a0fell\u00a0to\u00a0$3,355.97 an ounce (plus\u00a0a $20 premium),\u00a0losing\u00a0$16\u00a0on\u00a0the day. US\u00a0futures for\u00a0gold\u00a0also\u00a0fell\u00a0by 1 per cent to $3,372.20. The metal was\u00a0set\u00a0for a weekly loss of\u00a0over\u00a02 per cent, its worst\u00a0in over a month.<\/p>\n

Gold has been pressured by two factors, say analysts: the US Federal Reserve backing away from hopes for interest rate reductions this year, and a temporary allaying of concern about a US military response to tensions between Israel and Iran.<\/p>\n

“Trump’s window of two weeks to decide on US participation in the Middle East war has brought some optimism that tensions could ease,” WisdomTree commodities strategist Nitesh Shah said. “That’s removed some of the urgency from safe-haven demand, and has helped prices for gold to ease.”<\/p>\n

Silver also\u00a0experienced\u00a0a\u00a0decline\u00a0in\u00a0local\u00a0prices. The\u00a0price\u00a0per tola\u00a0dropped\u00a0by Rs24 to Rs3,796.<\/p>\n

On the currency side, the Pakistani rupee gained fractionally against the US dollar. At interbank transactions, the rupee gained 0.04 per cent to hit Rs283.52 against the dollar at 10 am, gaining 12 paisas from Thursday’s close of Rs283.64.<\/p>\n

A\u00a0firmer\u00a0dollar this week,\u00a0rising\u00a00.4 per cent and\u00a0set\u00a0for its best weekly\u00a0performance\u00a0in\u00a0more\u00a0than\u00a0a month, has\u00a0also\u00a0weighed on gold, making it\u00a0more\u00a0expensive\u00a0for\u00a0gold\u00a0buyers\u00a0in\u00a0other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

KARACHI: Pakistan gold prices fell on Friday, following the global trend in the wake of changing investor sentiments and the temporary diminution of geopolitical tensions. The price per tola of gold slid by Rs1,595 to close at Rs357,000 in the domestic market, while the price of 10-gramme gold reduced by Rs1,368 to Rs306,069, quoting the […]<\/p>\n","protected":false},"author":9,"featured_media":35451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,14814],"tags":[23443,29616],"class_list":["post-78137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-gold-rates","tag-all-pakistan-gems-and-jewellers-sarafa-association","tag-gold-prices-decrease"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/78137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=78137"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/78137\/revisions"}],"predecessor-version":[{"id":78138,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/78137\/revisions\/78138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/35451"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=78137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=78137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=78137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}