Gold price declines by more than PKR 3000 per tola

Karachi: On Tuesday, Gold prices decreased as a rupee appreciation and the prospect that the central bank could raise interest rates after record high inflation kept investors on edge. The price of gold plummeted by Rs3,500 per tola and Rs3,001 per 10 grams to settle at Rs154,900 and Rs131,945 in the local market. The gold hit an all-time high of Rs162,500 per tola on July 28.