Gold prices in Pakistan fell by Rs1100 per tola according to the All Pakistan Jewellers Manufacturers Association. The domestic price for 10 grams increased by Rs944 to Rs184,156. In the international market, the price of gold rose by $8 to $2,048 per ounce. Spot gold held at $2,030.12 per ounce.
KARACHI: The gold prices in Pakistan declined by Rs1100 per tola in the domestic market, ARY News reported on Wednesday quoting APJMA.
According to the All Pakistan Jewellers Manufacturers Association, per tola price of the precious yellow metal decreased by Rs1100 to settle at Rs214,800.
Similarly, the price of 10 grams jacked up by Rs944 to Rs184,156. The price of gold in the international market increased by $8 to $2,048.
Spot gold held its ground at $2,030.12 per ounce, as of 0643 GMT. U.S. gold futures fell 0.2% to $2,039.40 per ounce.
Amidst the recent economic changes, the decline in gold prices has significant implications for the Pakistani market. As a traditionally valuable commodity, gold plays a pivotal role in shaping investment strategies and consumer trends. The current downtrend in gold prices prompts a close examination of its impact on the local economy and individual financial decisions. This article delves into the factors contributing to this decline, explores the potential repercussions for various stakeholders, and suggests prudent approaches to navigate this evolving landscape. Stay tuned for a comprehensive analysis of the evolving gold market in Pakistan and its implications for investors and consumers alike.
Source: ARY NEWS
Gold prices in Pakistan decreased by Rs1100 per tola in the domestic market, settling at Rs214,800, as reported by APJMA. The price of 10 grams increased by Rs944 to Rs184,156, while international market gold price rose by $8 to $2,048. Spot gold held at $2,030.12 per ounce, with U.S. gold futures at $2,039.40 per ounce. Platinum declined to $885.60 per ounce, palladium dropped to $927.04, and silver fell to $22.40. This update was provided by ARY News on February 28, 2024.
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