KARACHI: The gold rates declined in Pakistan as per tola price slashed by Rs500 in the local market, ARY News reported on Friday.
The gold prices recorded a decrease of Rs500 per tola to settle at Rs220,500 in the domestic market, according to the All Sindh Sarafa Jewellers Association.
The price of 10 grams of 24-karat gold also registered a decrease of Rs429 and was sold at Rs189,043.
In the international market, the yellow metal rate was increased by $4 to $2060.
Gold prices were set to mark a third straight weekly jump after data showing cooling inflation cemented bets for a rate cut in the United States, with traders looking forward to comments from Federal Reserve Chair Powell later in the day.
Spot gold rose 0.2% to $2,039.00 per ounce by 0812 GMT on Friday, up about 2% for the week so far. The metal rose $60 in November in its second straight monthly gain.
Spot silver fell 0.1% to $25.22. Platinum rose 0.2% to $929.01 per ounce, while palladium was up 0.3% to $1,010.49.
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