Gold prices in Pakistan decreased on Monday as the local market followed the downward trend in the international market. The fall has brought rates close to a major psychological level for buyers and investors.
In the local market, gold price per tola reached Rs495,362 after a decline of Rs1,600 during the day. This change has created fresh uncertainty among traders and consumers.
Read more: SHC orders filling 3,000 jobs in Karachi within 2 months – Are you eligible?
Similarly, 10-gram gold was sold at Rs424,693 after it fell by Rs1,371, according to the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Earlier on Saturday, gold price per tola was recorded at Rs496,962 after a decline of Rs700 during the day. Continuous fluctuations show instability in the market trend.
On the global level, gold prices also dropped by $16, bringing the rate down to $4,730 per ounce. This international decline directly affected local pricing in Pakistan.
Read more: Big relief as Maryam Nawaz extends free solar panel scheme deadline in Punjab
Meanwhile, silver prices also went down by Rs130 to reach Rs7,934 per tola. The overall precious metals market is showing a weakening trend for now.
In simple terms, gold is becoming slightly cheaper but still remains at a very high level. This suggests that prices may continue to fluctuate depending on global economic pressure and demand.
