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Pakistan Gold Price Plummets Below Rs467,000 Amid Global Rate Hike Fears

Guavy AI Editorial Team
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Gold prices in Pakistan have been falling due to declining international rates and hawkish remarks from US Federal Reserve Chair Kevin Warsh.

The price of gold fell by Rs1,800 per tola to Rs466,136 and the price of 10-gram gold dropped by Rs1,543 to Rs399,636, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The decline follows a sharp correction on Saturday when the price of gold fell Rs15,100 per tola to Rs467,936.

In the international market, gold dropped $18 to $4,436 per ounce, including a $20 premium, due to concerns over inflation and tighter monetary policy.

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