All Pakistan Sarafa Gems and Jewellers Association has reported a continued decline in gold prices for the second consecutive day.
The latest drop has affected gold rates across different categories, including 24-carat gold per tola and 10-gram prices.
In Karachi and other major cities, the price of 24-carat gold fell by Rs 400 per tola.
The new rate now stands at Rs 493,662 per tola.
Meanwhile, the price of 10 grams of 24-carat gold dropped by Rs 343, settling at Rs 423,235.
The decline reflects a broader adjustment in the local bullion market in line with international trends.
International gold market also weakens
In the global market, gold prices also recorded a decrease.
The international gold rate dropped by $4 per ounce, bringing it down to $4,713.
Analysts say global fluctuations continue to influence local pricing trends in Pakistan.
Silver prices also witness decline
Along with gold, silver prices also saw a downward movement.
The price of silver per tola declined by Rs 12, reaching Rs 8,513.
The price of 10 grams of silver also fell, reflecting similar bearish sentiment in the precious metals market.
According to bullion traders, both local and international markets are showing signs of volatility, with prices reacting to global economic indicators and currency movements.
The All Pakistan Sarafa Association continues to update daily rates based on interbank exchange trends and international market fluctuations.
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