Gold price falls Rs2,500 as Mideast tensions ease

Gold price falls Rs2,500 as Mideast tensions ease

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The gold price on Thursday saw a dip of Rs2,500 to Rs90,500 per tola in Pakistan thanks to the easing of Middle East tensions.

According to data, the 10-gram gold price dropped Rs2,141 to Rs77,590. The bullion price fell $32 to $1,548 per ounce in the international market.

Earlier on Monday, the gold price jumped to an unprecedented high at Rs93,400 per tola after the increase of regional tensions between Iran and the US.

Nevertheless, in a speech on Monday, US President Donald Trump hinted at de-escalation after which gold prices started plummeting.

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