Gold prices in Pakistan, after seeing consecutive days of increases, finally declined on Monday, according to the All-Pakistan Gems and Jewellers Sarafa Association. The price of 24-karat gold per tola dropped by Rs1,300 to Rs245,100. Similarly, the price of 10 grams of 24-karat gold decreased by Rs1,113 to Rs210,134 following a significant rise of Rs1,740 per tola on Saturday.
Meanwhile, the price of 10 grams of 22-karat gold remained unchanged at Rs192,622 on Saturday. In the international market, the price of gold also showed a downward trend, closing at $2,376 per ounce, marking a $12 decrease during the trading day.
Read more: Gold Prices In Pakistan Increase Significantly
Silver prices in the local market, however, remained stable at Rs2,900 per tola.
Market analysts attribute the fluctuating gold prices to several factors such as global market dynamics, currency exchange rates, and overall economic conditions. The sustained rise in gold prices could potentially impact investment decisions and consumer behavior in the near future.
