Gold Prices Continue Downward Trend in Global and Domestic Markets
Gold prices experienced a decline for the second consecutive day in both international and local markets, signaling a downward trend for the precious metal.
In the international bullion market, gold prices fell by $9 per ounce, settling at $3,022. Domestically, the price of 24-karat gold dropped by Rs. 800 per tola, reaching Rs. 318,000. Similarly, the price for 10 grams of gold decreased by Rs. 686, bringing it to Rs. 272,633.
While gold prices saw a dip, silver prices remained stable. The cost of silver held steady at Rs. 3,475 per tola and Rs. 2,979 per 10 grams.
This decline follows a similar trend observed the previous day, when international gold prices fell by $19 per ounce, and local markets recorded a Rs. 2,000 drop per tola.
The consistent decrease in gold prices reflects ongoing market fluctuations, while silver maintains its stability amidst the changing dynamics of the precious metals market.
