Gold Price in Pakistan Drops Over Rs. 3,000 Per Tola in Two Days
On Friday, gold prices in Pakistan registered their second consecutive decline, with gold settling at Rs. 284,700 per tola. This marks a decrease of Rs. 2,500 per tola from its previous price of Rs. 287,200, as reported by the All-Sindh Sarafa Jewellers Association.
Cumulative Decline Over Two Days
Following a Rs. 700 drop per tola in gold prices yesterday, today’s decline brings the total reduction over the past two days to Rs. 3,200 per tola. This steady downward trend reflects adjustments in the local market amid fluctuations in the international gold market.
Ten-Gram Gold Prices Also Decline
The price for ten grams of 24-karat gold also experienced a drop, decreasing by Rs. 2,144 to Rs. 244,084. Meanwhile, ten grams of 22-karat gold fell to Rs. 223,744, according to the association’s data. These adjustments indicate a broader shift in pricing, affecting both smaller and larger gold purchases.
Silver Prices See Slight Decrease
Alongside gold, silver prices dipped slightly, with the per tola price of silver dropping by Rs. 20 to Rs. 3,430. The price for ten grams of silver also declined by Rs. 17.14, now standing at Rs. 2,940.67.
International Gold Market Trends
In the international market, gold prices saw a decrease of $25, bringing the price down from $2,777 to $2,752. This global price change has likely influenced the adjustments seen in the Pakistani market.
This recent decline in precious metals’ prices could influence investment and consumer decisions as market participants observe ongoing changes in both local and international markets.
