Gold prices in Pakistan have experienced another decline, providing some relief to buyers amidst ongoing economic uncertainty and fluctuations in the global market. According to data from Saraffa Market, the price of 24-karat gold per tola dropped by Rs900, bringing the new rate to Rs. 355,100. Similarly, the price for 10 grams of 24-karat gold saw a decrease of Rs771, now standing at Rs. 304,441.
The drop in gold prices has been consistent across major cities in Pakistan. In Karachi, Lahore, Islamabad, Peshawar, and Quetta, the price of 24-karat gold per tola has remained the same at Rs. 355,100. Meanwhile, the price of silver per tola also decreased to Rs. 3,964, while the rate for 10 grams of silver remained steady at Rs. 3,398.
On the global stage, the trend of declining gold prices mirrored the local market. The international bullion market recorded a $9 decrease in the price of gold per ounce, bringing the new international rate to $3,326. This decline has impacted the global market as well, with investors and buyers closely monitoring future movements.
The decline in gold prices has attracted the attention of buyers and investors alike, many of whom are hopeful that continued drops in prices could make gold more accessible in the coming weeks. As the market adjusts, many are keenly watching the potential for further declines, which could benefit both gold buyers and investors.
The ongoing fluctuations in gold prices highlight the impact of both domestic and international factors, with the economic uncertainty and global market trends playing significant roles in shaping the price of gold.
In other news, the PSX has reached a historic milestone, with the KSE-100 index crossing the 140,000 mark
