Key Takeaways
- 24-karat gold price falls to Rs. 462,136 per tola.
- International gold price drops $10 to $4,396 per ounce.
- Silver price rises slightly to Rs. 7,069 per tola.
Gold prices in Pakistan have continued their downward trend, closing at Rs. 462,136 per tola on Tuesday, a decrease of Rs. 1,000 from the previous day’s price of Rs. 463,136.
This decline follows a similar trend observed in the international market, where gold prices dropped by $10 to settle at $4,396 per ounce, including a $20 premium.
The All Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that the price of 10 gram gold fell to Rs. 396,207, a decrease of Rs. 857 from the previous day.
Silver prices, on the other hand, saw a slight increase, rising to Rs. 7,069 per tola after gaining Rs. 10 on Tuesday.
The APGJSA noted that these fluctuations are influenced by global market trends and local supply and demand factors.
The decrease in gold prices has implications for consumers and investors, who may see reduced costs for gold-related products and services.
Market analysts suggest that the ongoing decline in gold prices could be due to various factors, including changes in global economic conditions and investor sentiment.
The APGJSA advises consumers to stay informed about market trends and to make informed decisions regarding their investments and purchases.
