Gold prices continue to fall in Pakistan and global markets
The downward trend in gold prices continued in both Pakistan and international markets. The latest decrease has brought noticeable relief for buyers after recent price fluctuations.
According to the All Pakistan Sarafa Association, the price of 24-karat gold per tola fell by Rs4,100, bringing it down to Rs424,836. The price of 10 grams of gold also dropped by Rs4,515 and reached Rs364,228.
The continued decline follows a series of recent price drops in the gold market. Many buyers and investors are closely watching whether prices will fall even further in the coming days.
Meanwhile, the price of silver moved in the opposite direction. The price of silver per tola increased by Rs25 and reached Rs6,349.
In the international market, gold prices also recorded a significant decline. The price of gold per ounce dropped by $41 and settled at $4,024.
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Market experts say that changes in international gold prices directly affect local rates in Pakistan. As global prices continue to fluctuate, local gold prices are also expected to remain volatile.
The latest fall in gold prices may encourage more buyers to enter the market. However, future prices will largely depend on global economic conditions and international demand.
