Gold price drops Rs100 per tola that settles the rate at Rs115,250 in Pakistan. The nominal decrease is seen at Rs43 per 10 grams settling the Rs98,808 per 10 grams. According to the local dealers, the decline is satisfactory as the seasonal demand has increased owing to the wedding season. As the Rabi ul Awal moon has been sighted which marks the commencement of weddings, the rush of people has been in the jewelry shop.
According to the AA Commodities Director Adnan Agar, “Gold prices in Pakistan for the coming days will be determined next week as the local investors will react to the monthly US labor market data.”