Gold is edging lower as investors monitor political and economic developments.

Canada Global (Web News) Gold prices decreased somewhat but without a discernible trend as investors continued to monitor political and economic news.

As the price for local markets is set by taking into account its prices in global markets, the rupee-dollar exchange rate, and demand and supply in home markets, analysts say gold could stay erratic until there is definite direction.

According to information provided by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold decreased by Rs. 400 per tola and Rs. 342, respectively, to settle at Rs. 158,000 and Rs. 135,460.

The price of the yellow metal dropped by $5 per ounce on the global market, finishing at $1,761.

On Pakistan, the cost of the precious good is about Rs 1,000 less than it would be in the Dubai market.

In the meantime, domestic silver prices held steady at Rs. 1,690 per tola and Rs. 1,448.90 for 10 grammes.

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