KARACHI: Gold prices were subdued on Wednesday in choppy trade as a rupee appreciation and the prospect the central bank could raise interest rates after record high inflation kept investors on edge.
The price of gold — considered a safe haven — plummeted by Rs3,500 per tola and Rs3,001 per 10 grams to settle at Rs154,900 and Rs131,945 in the local market, data released by the All Sindh Saraf and Jewellers Association (ASSJA).