The price of gold in local markets has significantly decreased, reflecting a drop in international gold prices. On Friday, the price of 24-carat gold per tola fell by Rs2,500, bringing it down to Rs284,700. This decline is attributed to a fall in the international bullion market, where the price of gold per ounce decreased by $25, now sitting at $2,752. As a result, the price of gold per ten grams also saw a decrease of Rs2,144, settling at Rs244,084.
In addition to gold, silver prices in the local market also experienced a decline. The price of silver per tola dropped by Rs20, now at Rs3,430, while the price for ten grams of silver decreased by Rs17.14, reaching Rs2,940.67.
Also Read: Gold Prices Surge in Both Local and Global Markets
Earlier in the week, the price of 24-carat gold in Pakistan decreased by Rs700, bringing it to Rs287,200 per tola. In the international market, gold prices also saw a reduction, declining by $7 to $2,777 from $2,784. The price of 10 grams of 24-carat gold fell by Rs600, now standing at Rs246,228, compared to Rs246,828 previously. Similarly, the price of 10 grams of 22-carat gold decreased from Rs226,259 to Rs225,709.
In contrast to the gold price trends, silver prices saw an increase earlier in the week. The price of silver per tola rose by Rs100, reaching Rs3,450, while the price for 10 grams of silver increased by Rs85.73, now priced at Rs2,957.81. Currently, one gram of silver is valued at Rs311.22.
