Gold prices witnessed a notable decline in both international and local markets, leading to a significant drop in rates within a single day.
In the global market, gold fell by $12 per ounce, bringing the price down to $4,444 per ounce, reflecting continued volatility in international trading.
In Pakistan’s local bullion market, the price of 24-karat gold per tola decreased by Rs. 1,200, settling at Rs. 466,762. Similarly, the price of 10 grams of gold dropped by Rs. 1,028, bringing it down to Rs. 400,173.
According to the latest figures released by the All Pakistan Sarafa Gems and Jewellers Association, 22-karat gold (10 grams) also recorded a decline of Rs. 942, with the new price standing at Rs. 365,896.
Silver Prices Remain Unchanged
Unlike gold, silver prices showed no movement during the session. The price of 24-karat silver per tola remained stable at Rs. 8,361, while 10 grams of silver continued to trade at Rs. 7,168.
Market observers attribute the drop in gold prices to international price fluctuations and cautious local demand, noting that short-term movements are likely to continue as global economic signals evolve.
