Gold price per tola falls Rs1,800 in Pakistan

On Wednesday, gold prices in Pakistan had decreased by Rs1,300 per tola. This was due to a decline in international demand for gold, as well as a decrease in local demand from investors and jewelry manufacturers. The price of gold is determined by global supply and demand, and can be affected by various factors such as economic conditions, political stability, and geopolitical tensions.

The international rate of gold on Thursday was set at $2,067 per ounce, after a decline of $15 in the previous day. This decline was due to a decrease in demand from investors, who are typically looking for safe-haven assets during times of economic uncertainty. The price of gold is also affected by the value of the US dollar, as it is often traded in foreign exchange markets.

It's worth noting that gold is considered a precious metal and is used in various industries such as jewelry making, electronics, and aerospace. It's also used as a safe-haven asset during times of economic uncertainty, as it tends to hold its value regardless of the state of the economy.

It's important to note that gold prices can fluctuate rapidly and are subject to change based on various factors. It's always recommended to consult with a financial advisor before making any investment decisions related to gold or any other asset.