Gold prices fall in global, local markets
In 2006-07, a 1 percent withholding tax was imposed on commercial imports of gold in the country. Photo: Express News
Gold prices fell on Thursday in both international and domestic markets.
According to traders, the international bullion market saw gold per ounce drop by $20, reaching $3,750.
Following the global decline, the local market mirrored the trend, with the price of gold per tola falling by Rs2,000 to Rs396,800.
Read: Gold prices hold at record highs in global, local markets
The price per 10 grams also decreased by Rs1,714, settling at Rs340,192.
Traders said the market remained active as global demand steadied, with prices dipping slightly after recent record highs.
Spot gold rose 0.6% to $3,756.29 per ounce as of 0857 GMT, after hitting a record high of $3,790.82 on Tuesday. US gold futures for December delivery gained 0.5% to $3,787.0.
Spot silver advanced 2% to $44.76 per ounce, platinum gained 2% to $1,501.69, and palladium rose 1.8% to $1,231.21.