Gold prices in Pakistan continue to drop in line with the global market, with the price per tola decreasing by Rs1200 to Rs242,300 and 10-gram price dropping by Rs943 to Rs207,733, as reported by ARY News. International markets also saw a decline, with spot gold falling 0.2% to $2,354.77 per ounce.
KARACHI: Gold price in Pakistan continue to decline in line with the downward trend in the international market, ARY News reported quoting Sarafa Association.
According to all Sindh Sarafa Jewellers Association, the price of gold dropped by Rs1200 to close at Rs242,300 per tola while the price of 10-gram decreased by Rs943 to settle at Rs207,733.
The precious commodity registered losses as per ounce price plunged by $10 to $2,349 in international market.
Meanwhile, spot gold fell 0.2% at $2,354.77 per ounce by 0448 GMT. Prices hit a two-week high in the previous session.
U.S. gold futures fell 0.6% to $2,361.
Spot silver fell 0.4% to $28.03 per ounce, platinum inched down 0.1% to $992.89 and palladium was unchanged at $978.03.
Gold has long been a popular investment option in Pakistan, with its value remaining a topic of great interest to many. However, the recent trends in the gold market have led to a noticeable decrease in gold rates. This has left many individuals and investors wondering about the underlying factors driving this change. Understanding the reasons behind the fluctuating gold rates is crucial to make informed decisions regarding this valuable asset. Whether you’re a seasoned investor or someone considering buying gold for the first time, staying updated with the latest price and comprehending the market dynamics is essential. In this blog post, we’ll discuss the current state of gold rates in Pakistan and shed light on the factors influencing this downward trend. By staying informed about the latest gold prices and the market forces at play, you can better navigate the fluctuating gold market to make informed decisions for your financial future.
Source: ARY NEWS
Gold price Pakistan, decline, international market, Sarafa Association, Sindh Sarafa Jewellers Association, Rs242,300 per tola, Rs207,733 for 10-gram, ounce price $2,349, spot gold falls 0.2%, U.S. gold futures down 0.6%, spot silver falls 0.4%, platinum down 0.1%, palladium unchanged at $978.03. Gold rates continue to fall, impacting the local market. The price of gold dropped significantly, reflecting the global downward trend. With a decrease of Rs1200 per tola and Rs943 for 10-gram, the precious metal’s value has seen a notable decline. In the international market, spot gold and silver experienced reductions, with U.S. gold futures also falling. Platinum showed a slight decrease, while palladium remained unchanged.
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