The price of gold in Pakistan has declined as dealers continue to offer discounts due to low demand.

Gold has had a muted week so far, with the price remaining stable on Monday before increasing by Rs. 700 per tola on Tuesday. Despite trading much below the all-time high level of Rs. 253,000 per tola, the Sarafa Association has kept the price of gold under cost by Rs. 3,000 due to the reduction in purchasing power of buyers.

In the international market, spot gold rose by 0.1 percent to $2,330.07 per ounce as of 1010 GMT, while US gold futures also increased by 0.1 percent to $2,350.00.

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