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Gold Prices Tumble in Pakistan Amid Global Economic Uncertainty

Guavy AI Editorial Team
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FXS
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Gold prices declined in Pakistan on August 10, according to data compiled by FXStreet. The price per gram of gold dropped to 38,554.91 Pakistani Rupees (PKR), down from PKR 38,653.68 the previous day.

The price for gold also decreased to PKR 449,673.60 per tola from PKR 450,848.90 on Friday.

FXStreet calculates gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units.

Gold has historically been used as a safe-haven asset, particularly during turbulent times, due to its inverse correlation with the US Dollar and US Treasuries.

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