KARACHI: The gold prices in Pakistan recorded a significant decline over the past two days, indicating a downward trend in international bullion markets and changing currency dynamics.
The price of gold has fallen by a total of Rs13,958 per tola during the last two trading sessions. Following a decrease of Rs1,469 per tola on the previous day, gold prices witnessed another substantial drop on Friday.
The latest figures show that the price of gold per tola decreased by Rs12,489, bringing the new rate down to Rs455,327 per tola in local markets. The sharp reduction has attracted the attention of investors, traders, and consumers alike, particularly those planning to purchase gold for investment or jewelry purposes.
Similarly, the price of 10 grams of gold registered a decline of Rs11,240. As a result, the new price of 10 grams of gold now stands at Rs389,772.
Silver prices also moved downward in the local market. The price of silver per tola declined by Rs463, bringing it to Rs7,267.
They noted that movements in global financial markets are quickly reflected in local bullion prices, affecting both investors and consumers.
The latest decline comes amid ongoing volatility in commodity markets worldwide.
