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Gold price remains unchanged in Pakistan

Gold prices remained unchanged in Pakistan on Wednesday after flirting with an all-time high of Rs240,000 per tola in last few days.

The rate of gold (24 carats) remained stable at Rs233,100 per tola and Rs199,846 per 10 grams, respectively, data released by All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed.

The international rate went down $18 and fell below key level of $2,000 per ounce as the dollar gained after the latest comments from US Federal Reserve officials pushed back against prospects of interest rate cuts this year. The per ounce price settled at $1,988.