Gold prices in Pakistan experienced a massive drop, while the global market showed an upward trend. The Gems and Jewellers Association of Pakistan reported a Rs 2,400 per tola decrease, bringing the per tola price of gold to Rs222,100. Similarly, the price of 10 grams declined by Rs2,050, reaching Rs190,415.
On the international front, the per ounce price of gold saw a $12 surge, settling at $1972 per ounce.
|Commodity||Per Tola (Rs)||Price for 10 grams (Rs)|
This significant decrease in gold prices within Pakistan could impact the market sentiment and offer potential opportunities for investors and consumers. However, the global surge indicates continued volatility in the precious metal’s value on the international stage. Therefore, it is crucial for stakeholders to keep a close eye on market fluctuations to make informed decisions.