Gold prices in Pakistan witnessed a minor decline, bringing some relief to buyers as rates settled just below the all-time highs recorded last week. According to the All Sindh Sarafa Jewellers Association, the price of 24-karat gold per tola dropped by Rs. 300, reaching Rs. 289,100 on Monday, compared to Rs. 289,400 the day before.
This slight decrease follows the record-high rate of Rs. 289,600 per tola, which was seen last week. Despite the decline, gold prices remain near historic peaks, reflecting ongoing fluctuations in the precious metals market.
Similarly, the price of 10 grams of 24-karat gold decreased by Rs. 257, landing at Rs. 247,856 from the previous Rs. 248,113. On the other hand, 10 grams of 22-karat gold saw a marginal adjustment, climbing to Rs. 227,209 from Rs. 227,445.
Silver prices also saw changes, with the per tola rate falling by Rs. 14 to settle at Rs. 3,395, while 10 grams of silver experienced a Rs. 12 decrease, reaching Rs. 2,910.
On the international market, gold prices showed a modest decline of $3, dropping to $2,767 per ounce from the previous $2,770. This global shift has contributed to the local market trends, influencing rates for both gold and silver in Pakistan.
Gold continues to be a significant investment choice for many Pakistanis, and any fluctuations in its price remain a matter of interest for buyers and investors alike. With prices remaining near record highs, it’s an important time for those planning to buy or sell gold to keep a close watch on market trends.
As global markets remain volatile, further price adjustments may be on the horizon, making it essential for investors to stay updated with the latest developments in both local and international gold prices.
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