Gold rates fall by Rs1,400 per tola in Pakistan

Gold edges higher despite rupee appreciation


Karachi: Gold prices in Pakistan rose by Rs 50 per tola and Rs 43 per 10 grams on Wednesday, despite the rupee gaining against the dollar.

Gold bars are priced at Rs 125,000 per tola and Rs 107,167 per 10 grams.

Almost all of Pakistan’s gold demand is met by imports, and traders follow its international price when setting the country’s exchange rate. Jewelers import the metal against the U.S. dollar and Emirati dirham before converting its prices into rupees.

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