Gold prices edge lower in local, global markets
The price of one tola of gold in the local market fell by Rs800, settling at Rs273,200. The price of 10 grams of gold decreased by Rs686, bringing it down to Rs234,225, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
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In the local market, the price of gold per tola was Rs273,200, marking a decrease of Rs800, according to the All-Pakistan ...
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This compares to the S&P 500 which remains up by about 3% and gold prices which have fallen about 2% over the same period.
The Federal Reserve rolled out its third rate cut of the year this week, a move that could impact the gold market.
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