Gold falls Rs3,400 to Rs427,436 per tola as world prices slip

Ten grams fell Rs2,915 to Rs366,457, the Sarafa association said, as gold lost $34 an ounce internationally.

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A hand displaying four gold bangles at a jewellery shop
A man displays gold bangles at a jewellery shop in Karachi. File photo. — REUTERS
Listen to this articleGold falls Rs3,400 to Rs427,436 per tola as world prices slip1 min · device voice0:00 / 0:55

— Gold fell Rs3,400 per tola in Pakistan on Wednesday to Rs427,436, tracking a drop in international prices, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association.

The price of 10 grams fell Rs2,915 to Rs366,457. The international rate dropped $34 to $4,049 an ounce.

It was the second fall in a row. On Tuesday, gold had dropped Rs1,500 per tola to Rs430,836. Silver went the other way on Wednesday, rising Rs45 to Rs5,768 per tola.

TT’s markets page tracks the rupee’s exchange rates and the price of gold per tola every day.

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