Surprising drop in gold prices while silver shows upward trend
File photo
File photo
KARACHI (Web Desk): The price of 24-karat gold fell by Rs100 on Wednesday, trading at Rs434,762 per tola compared to Rs435,762 on the previous day.

According to All Pakistan Sarafa Gems and Jewellers Association, the 10-gram price of 24-karat gold dropped by Rs857 to Rs372,738 from Rs373,595. The 10-gram 22-karat gold also went down by Rs786 to Rs341,688 from Rs342,474.

In the international market, gold prices fell by $59 to $4,124 from $4,134.

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Meanwhile, silver showed a positive trend. The per tola rate of 24-karat silver rose by Rs81 to Rs5,424 from Rs5,353, and the 10-gram price increased by Rs69 to Rs4,658 from Rs4,589. International silver also gained $0.81, reaching $51.72 from $50.91.

Gold’s small drop indicates cautious investor sentiment, while silver’s rise shows growing interest. Traders are closely watching global trends for the next move in prices.