KARACHI: After several days of sharp gains, gold prices in Pakistan fell slightly on Wednesday, mirroring the global market’s downward trend.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs. 1,000 to settle at Rs. 434,762.
Similarly, the price of 10 grams of gold fell by Rs. 857, reaching Rs. 372,738.
💰 Recent Price Surge
Just a day earlier, gold prices had soared — the rate per tola reached Rs. 435,762 after a massive Rs. 5,900 increase on Tuesday.
However, Wednesday’s decline came as international prices softened following profit-taking by investors.
🌍 Global Market Update
In the international market, gold slipped by $10 to $4,124 per ounce (including a $20 premium).
Analysts said the stronger US dollar and profit-taking pushed gold prices lower after touching a near three-week high in the previous session.
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Spot gold dropped 0.5% to $4,107.41 per ounce (as of 04:21 GMT).
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US gold futures for December delivery edged down 0.1% to $4,113.80 per ounce.
Meanwhile, silver prices in the local market rose by Rs. 81 per tola, reaching Rs. 5,434.
