Gold Price in Pakistan Plunge by Rs, 5,500 per Tola Amid Global Market Decline
Gold prices in Pakistan witnessed a significant decline on Thursday, with a drop of Rs5,500 per tola, settling at Rs266,400, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). This decrease follows a similar trend in the international market, where the price of gold fell by $55 per ounce, bringing it down to $2,552 with a $20 premium.
In addition to the tola rate, the price for 10 grams of gold also fell, decreasing by Rs4,716 to reach Rs228,395. This recent drop comes after a minor surge on Wednesday when local gold prices rose by Rs1,400 per tola, hitting Rs271,900, while 10 grams increased by Rs1,200 to Rs233,111.
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Despite the sharp drop in gold, silver prices in Pakistan remained stable at Rs3,250 per tola. Gold has been fluctuating in recent months, reaching a record high of Rs287,900 per tola in Pakistan last month due to market volatility.
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