Gold prices in Pakistan have taken a dip after hitting an all-time high last week. On Tuesday, the price of 24-karat gold per tola dropped by Rs. 2,700, bringing it down to Rs. 286,400 from Rs. 289,100 on the previous trading day. This drop comes after gold touched a record high of Rs. 289,600 per tola at the end of last week, according to the All Sindh Sarafa Jewellers Association.
Similarly, the price of 10 grams of 24-karat gold fell by Rs. 2,315, bringing it down to Rs. 245,541 from Rs. 247,856. Meanwhile, the price of 10 grams of 22-karat gold decreased to Rs. 225,087, compared to Rs. 227,209 on the last trading day.
Silver prices also saw a decline. The price of per tola silver dropped by Rs. 32, making it Rs. 3,363. The price of 10 grams of silver went down by Rs. 27, reaching Rs. 2,883.
In the global market, gold prices also witnessed a fall. The price of gold per ounce dropped by $26, bringing it down to $2,741 from $2,767.
Experts suggest that fluctuations in gold prices are influenced by multiple factors, including international market trends, currency exchange rates, and local demand. The recent decrease in gold prices may provide an opportunity for investors and buyers looking to purchase gold at a slightly lower rate.
Gold remains one of the most valuable assets, and its prices are closely watched by investors, jewelers, and the general public. As market conditions continue to shift, it is essential to stay updated on price movements to make informed decisions about buying or selling gold.
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