Gold bangles are displayed at a store in this undated file photo. — Reuters
The value of gold fluctuated throughout the outgoing week in both the international and domestic markets as traders awaited clarity on the US debt ceiling as well as future interest rate direction from the Federal Reserve.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the rate of gold (24 carats) increased by Rs450 per tola and Rs385 per 10 grams to reach Rs236,200 and Rs202,503, respectively.
Cumulatively, the domestic rate dropped by Rs1,100 this week.
Meanwhile, the price of gold declined by $6 in the international market to settle at $1,946 per ounce.
