Tuesday’s modest decline in gold prices in Pakistan followed a day of stability. The rate per tola fell by Rs1,000 to close at Rs261,500, reflecting a decline in global rates.
10 grammes of 24-karat gold also saw a price drop of Rs857, bringing it down to Rs224,194, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
In contrast, there was a declining tendency in the world gold market. After dropping $5 throughout the trading day, the price of gold internationally dropped to $2,498 per ounce, according to the APGJSA.
Concurrently, the local market’s silver prices held steady at Rs2,950 per tola, showing no deviation from previous levels.
In addition to internal variables like demand inside the nation and currency exchange rates, the dynamics of the global market continue to have an impact on the local market’s shifting gold prices.
