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Gold prices in Pakistan declined on Wednesday, mirroring losses in the international market where the precious metal came under pressure after oil prices surged and inflation concerns intensified following comments from US President Donald Trump on the US-Iran conflict. In the local market, the price of gold per tola dropped Rs4,700 to settle at Rs430,236, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association. Similarly, the 10-gram gold was sold at Rs368,858 after a decline of Rs4,029. The price of silver decreased by Rs138 to reach Rs6,421 per tola. Internationally, spot gold dropped 2% to $4,025.67 per ounce by 11:35 am EDT (1535 GMT), after hitting its lowest level since July 1 earlier in the session, as per Reuters. US gold futures for August delivery slipped 2.9% to $4,035.20 per ounce. Crude oil prices, meanwhile, jumped over 5% amid renewed tensions....
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