KARACHI: Gold prices in Pakistan declined on Monday, following a drop in international markets.
The price of gold fell by Rs1,600 per tola to Rs439,036, according to the All Pakistan Sarafa Gems and Jewellers Association. The price of 10 grams decreased by Rs1,372 to Rs376,402.
International gold prices dropped by $16 to $4,165 an ounce. The decline came amid expectations that the United States would keep interest rates unchanged this month, while inflation data had raised concerns among investors. The fall in global prices also affected the local market.
