After four days of stability, Pakistan’s gold market saw a sharp decline on Tuesday, with prices falling both domestically and internationally.
Gold became significantly cheaper across Pakistan as the price of 24-carat gold per tola fell by Rs 2,700, bringing the new rate to Rs 444,162, according to the All Pakistan Sarafa Gems and Jewellers Association.
Similarly, the price of 10 grams of 24-carat gold dropped by Rs 2,315, settling at Rs 380,797. The price of 10 grams of 22-carat gold also declined proportionately.
International gold prices
The downward movement was not limited to Pakistan. In the global bullion market, gold fell by $27, reaching $4,218 per ounce.
This dip comes after several days of upward or stable performance, indicating renewed pressure on international precious metal prices.
Silver prices in Pakistan
Unlike gold, silver continued its upward trend. The price of silver per tola rose by Rs 41, reaching Rs 6,004, while 10 grams of silver increased by Rs 35.
On the global front, international silver climbed slightly, rising $0.41 to $57.32 per ounce.
