Gold prices in Pakistan on Wednesday saw a significant drop for the second consecutive day, mirroring the downward trend in the international market.
The yellow metal was priced at a more affordable Rs208,450 per tola after a notable decrease of Rs750, according to data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
In addition to the price per tola, the 10-gram gold rate also witnessed a decline, dropping by Rs643 and settling at Rs178,712. This decrease comes on the heels of a Rs400 drop on Tuesday, bringing further relief to gold buyers.
The international rate of gold, despite a $5 decline, still held a $20 premium, reaching $1,990 on Wednesday, as reported by the APGJSA.
These changes in the international market are reflecting in local prices, providing an opportunity for buyers to make their gold purchases more cost-effective.
In contrast to gold, silver prices remained stable at Rs2,550 per tola, providing a sense of balance in the precious metals market.
