KARACHI: Gold price in Pakistan further down by Rs600 to Rs245,000 per tola in the local market on Friday (May 17), compared to its sale at Rs 245,600 on last trading day.
The price of 10 grams of 24 karat gold also decreased by Rs 514 to Rs 210,048 from Rs210,562, the All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained constant at Rs2,730 and Rs2,340.53, respectively.
The price of gold in the international market decreased by $6 to $2,384 from $2,390, the association reported.
On the global front, Gold rates appeared set for a second consecutive weekly gain on Friday, after recent U.S. inflation data fueled expectations that the Federal Reserve could cut interest rates twice this year, weighing on the dollar and Treasury yields.
