{"id":10617,"date":"2025-06-16T12:04:53","date_gmt":"2025-06-16T12:04:53","guid":{"rendered":"https:\/\/ipp-news.com\/?p=10617"},"modified":"2025-06-16T12:04:53","modified_gmt":"2025-06-16T12:04:53","slug":"gold-prices-dip-in-local-and-international-markets","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=10617","title":{"rendered":"Gold prices dip in local and international markets"},"content":{"rendered":"<div>Gold prices saw a significant dip on Monday in local and international markets,<\/p>\n<p>The price of one tola of gold now stands at Rs362,300, with a drop of Rs700, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).<\/p>\n<p>The decline is attributed to a reduction in global gold rates, which dropped by $18 per ounce.<\/p>\n<p>The international market saw a decline, bringing the price of gold to $3,414 per ounce.<\/p>\n<p>Similarly, the price of 10 grams of gold has also decreased by Rs600, now standing at Rs310,613.<\/p>\n<p>Read: From mining real gold to digital gold<\/p>\n<p>Gold fell on Monday as investors weighed the impact of the ongoing Israel-Iran conflict, while also focusing on the Group of Seven leaders meeting and the Federal Reserve policy decision later this week.<\/p>\n<p>Spot gold fell 0.5% to $3,415.36 an ounce, as of 0854 GMT, after hitting its highest level since April 22 earlier in the session.<\/p>\n<p>&#8220;Geopolitical tensions are not disappearing near term, as well rates are likely to be cut further by the central bank, so that should provide a floor to gold,&#8221; said Giovanni Staunovo, an analyst at UBS.<\/p>\n<p>Read more: Pakistan secures $700m loan for Reko Diq project despite Indian opposition<\/p>\n<p>Iranian missiles struck Israel&#8217;s Tel Aviv and the port city of Haifa before dawn on Monday, killing at least eight people and destroying homes.<\/p>\n<p>The dangers of further escalation loomed over a summit of G7 leaders in Canada, with US President Donald Trump expressing hope on Sunday that a deal could be done but no sign of the fighting abating on the fourth day of the conflict.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices saw a significant dip on Monday in local and international markets, The price of one tola of gold now stands at Rs362,300, with a drop of Rs700, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The decline is attributed to a reduction in global gold rates, which dropped by $18 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-10617","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/10617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10617"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/10617\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}