Gold prices in Pakistan saw a decline following global market trends. According to All Sindh Sarafa Jewellers Association, the per tola gold price dropped to Rs248,500, a decline of Rs1,900. Similarly, the 10-gram gold price fell to Rs213,048 after a decrease of Rs1,630. International gold prices also dropped to $2,418 from $2,439.
KARACHI: Gold prices in Pakistan witnessed downward momentum in line with the global market, ARY News reported quoting Sarafa Association.
According to all Sindh Sarafa Jewellers Association, the per tola gold price clocked in at Rs248,500 after a single-day decline of Rs1,900.
Similarly, the 10-gram gold was sold at Rs213,048 after it shed Rs1,630, according to rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The recent decline in gold prices in Pakistan has been attributed to the global market downturn. Gold, often valued as a safe haven during times of economic uncertainty, has contributed to the recent shift in market sentiment. While this may be disconcerting for those who have invested in gold, it’s essential to understand the broader market dynamics at play. Global economic indicators and geopolitical events have significantly impacted the demand for gold, leading to its decreased value. Despite this downturn, it’s crucial for investors to carefully monitor market trends and consider seeking professional advice to navigate the evolving landscape of gold prices in Pakistan. In the midst of these fluctuations, a prudent and informed approach to investment remains vital. Stay tuned for further analysis and insights as we continue to monitor the developments in the gold market in Pakistan.
Source: ARY NEWS
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