The change has again drawn attention from buyers and investors in the local market.

In the international bullion market, gold price dropped by 7 dollars per ounce. The new global rate settled at 4,746 dollars per ounce, affecting local prices in Pakistan.

In Pakistan’s bullion markets, the price of 24-karat gold per tola fell by Rs700. The new price has been set at Rs496,962 per tola, showing a clear downward trend.

The price of 10 grams of gold also decreased by Rs600. It is now recorded at Rs426,064 in the local market.

Read more: Oil prices surge again as Middle East tensions spark global market jitters

On the other hand, silver prices increased in the market. The price per tola rose by Rs50 to reach Rs8,064.

Similarly, 10 grams of silver became Rs43 more expensive. The new price now stands at Rs6,913.

It is important to note that gold prices had increased in the previous session. However, today’s drop has changed the overall market direction again.

Gold prices are showing frequent ups and downs in the market. Investors are reacting carefully to global changes. Silver is moving in the opposite direction, which is interesting for traders. The market remains unstable and may change again soon.