Raachi: Further monetary tightening by the US Federal Reserve and policymakers’ indications of a possible 50 basis points increase in the policy rate in December, along with increased investment in US bonds by investors, have led to a significant decline in prices due to increased global and local gold sales.
The price of gold per ounce in the international bullion market fell by a significant decrease of $109 to $3,940.

Due to the decline in the global market, the price of gold per tola also fell by Rs10,900 to Rs416,536 and the price of gold per ten grams fell by Rs9,345 to Rs357,112.

Similarly, the price of silver per tola decreased by Rs 190 to Rs 5,578 and the price of silver per ten grams decreased by Rs 163 to Rs 4,782.