The gold market crashed in Pakistan and rates of the yellow metal decreased by Rs13,300 per tola on Wednesday.
According to the 24News HD TV channel, Pakistani jewellers stopped selling and purchase of gold after getting high fluctuations in prices.
As per the channel report, the gold market observed a raise in the yellow metal’s prices by Rs9,500 per tola at the start of the day.
But after passing few hours, the market suddenly crashed and the rates of gold dropped by Rs13,300 which confused the jewellers.
So they have decided to stop all kinds of trade of the yellow metal till ending the uncertainty in the gold market.
The channel report said the gold market closed on Wednesday at the price of pure 24 karats gold at Rs1,76,200 per tola.
While the price of 22 karats of gold per tola is fixed at Rs1,61,516 and the price of 21 karats of gold per tola is fixed at Rs1,54,175.
Reporter: Shahzad Abdali