Gold Prices Decline in Domestic and International Markets
Gold prices experienced a downward trend on Tuesday, with both international and local markets recording losses. In Pakistan, the price of gold per tola fell by Rs800, settling at Rs317,800, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Similarly, the price of 10 grams of gold decreased by Rs686, closing at Rs272,462. This drop follows a rise in gold prices on Monday, when the per-tola rate had increased by Rs600 to reach Rs318,600.
In the global market, gold prices also declined, with the international rate dropping by $6 to $3,021 per ounce, as reported by APGJSA. The global price included a premium of $20.
Meanwhile, silver prices in Pakistan remained unchanged, with the per-tola rate holding steady at Rs3,475.
The fluctuation in gold prices reflects ongoing market dynamics, influenced by global economic trends and local demand. Investors and traders continue to monitor these shifts closely for potential opportunities.
