Gold Likely to Enter Dangerous Levels Again

Gold prices in Pakistan suddenly fell on Saturday following a similar trend observed in international gold prices. However, trends for next week suggest it could test the Rs. 4.7 lac territory again.

The price of 24-karat gold closed at Rs. 460,236 per tola after losing Rs. 100, according to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The price of 10 gram gold settled at Rs. 394,578 after losing Rs. 85.

Gold gained Rs. 6,900 on Friday to close at Rs. 460,336.

In the international market, gold lost $1 to settle at $4,377 per ounce, including a $20 premium.

Meanwhile, silver settled at Rs. 7,100 per tola after losing Rs. 69 on Saturday.