Gold prices in Pakistan decline following international trends

In the local bullion market, the price of gold fell by Rs1,000 per tola, bringing it to Rs274,700, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price of 10-gram gold dropped by Rs857, now standing at Rs235,511. This decrease comes after a marginal increase of Rs200 per tola on Monday, when gold settled at Rs275,700 per tola.

Globally, gold prices also faced a decline, with rates falling by $9 during the day. According to the APGJSA, the international gold price stood at $2,647 per ounce, including a $20 premium.

Despite the drop in gold prices, the silver market remained stable, with the price of silver holding at Rs3,050 per tola.

Last month, gold prices in Pakistan had surged to a record high of Rs277,000 per tola, as the precious metal saw significant gains due to international market fluctuations.