Key Takeaways
- Gold prices in Pakistan dropped by Rs7,000 per tola on Friday.
- The local price of 10-gram gold fell to Rs363,971.
- International gold prices also declined by $70 to $4,020 per ounce.
Gold prices in Pakistan saw a significant drop on Friday, following a decline in the international market. The local price per tola of gold reached Rs424,536 after a decrease of Rs7,000 during the day.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold was sold at Rs363,971, marking a fall of Rs6,001 from the previous day's rate.
On Thursday, the price of gold per tola was Rs431,536, having declined by Rs3,000 from the previous day.
The international market also saw a decrease in gold prices, with the rate dropping by $70 to reach $4,020 per ounce.
Silver prices, on the other hand, also saw a reduction, falling by Rs221 to reach Rs5,865 per tola.
These fluctuations in precious metal prices are indicative of the global market trends impacting the local market in Pakistan.
The APGJSA shared these rates, reflecting the current market conditions and the impact of international prices on the local market.
Consumers and investors in the precious metals market are advised to monitor these changes, as they can significantly affect their financial decisions.
