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Gold Slide Deepens in Pakistan With Rs9,100 Tola Drop as Global Rates Weaken

A firmer dollar with higher bond yields pressured bullion, pushing local rates lower.

Overview

  • Pakistan’s 24-karat gold fell for a second straight session to Rs430,662 per tola after a Rs9,100 drop reported on November 15 by the jewellers association.
  • The local 10-gram rate declined by Rs7,799 to Rs369,223, extending the swift correction that followed Friday’s earlier pullback.
  • International bullion was quoted near $4,083 per ounce after a $91 decline, following a prior day move to about $4,174 after a $33 drop.
  • India saw a smaller adjustment, with 24-carat gold at Rs12,785 per gram, down Rs80, according to GoodReturns data cited by Times Now.
  • Silver softened alongside gold, with Pakistan’s per tola rate at Rs5,313 after a Rs209 fall and India’s price at Rs90,900 per kilogram, lower by Rs100.