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Gold declines by Rs 11,700 per tola in local markets

Muhammad Ali (Web Desk Reporter) by Muhammad Ali (Web Desk Reporter)
April 23, 2025
in Lifestyle
Reading Time: 1 min read
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Karachi: There has been a clear fall in domestic and global gold prices, which is unexpected for investors and bullion markets.

According to the All Pakistan Gems and Jewellers Association, the price of gold per tola has decreased by Rs 11,700, after which the new price has been set at Rs 352,000 per tola.

Similarly, the price of 10 grams of gold has decreased by Rs 10,031 to Rs 31,783.

In the global market, the price of gold has also decreased by $116 per ounce, and now it is worth $3,338 per ounce.

According to experts, this decline is due to the strengthening of the US dollar in the global market and the increase in the yield of bonds, which can affect the price of gold further in the coming days.

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Muhammad Ali (Web Desk Reporter)

Muhammad Ali (Web Desk Reporter)

Muhammad Ali is a Web Desk Reporter at The Pakistan Observer, contributing to the publication’s digital news coverage with a focus on timely, accurate and reader-friendly reporting.

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