Gold prices in Pakistan fell by Rs3,400 per tola on Wednesday, while the Pakistan Stock Exchange (PSX) finished lower and the rupee made a small gain against the US dollar in the interbank market.
Local gold rates drop as global prices slide
According to the All-Pakistan Gems and Jewellers Sarafa Association, 24-karat gold is now priced at Rs427,436 per tola, after a Rs2,915 reduction for 10 grams, which now stands at Rs366,457. Internationally, gold fell $34 to $4,049 per ounce, which contributed to the domestic decline.
Live ratesGold rate today in Pakistan: 24K, 22K and 21K per tola →
KSE-100 closes lower after volatile session
The benchmark KSE-100 Index closed at 179,083.80 points, shedding 251.44 points, or 0.14 per cent, from its previous close of 179,335.24. Trading swung widely during the day, and early advances were erased by selling pressure near the close.
In the interbank market, the rupee gained 3.08 paisa to settle at Rs276.62, compared with Rs276.65 earlier.
