TRADE & ECONOMY
Gold prices in Pakistan have witnessed a significant decline, with the price per tola dropping by Rs 7,100, according to the All Pakistan Gems and Jewelers Association (APGJA).
Following this decline, the price of gold per tola now stands at Rs 486,962. Meanwhile, the price of 10 grams of gold has decreased by Rs 6,087 to Rs 417,491, reflecting a notable easing in the domestic market.
The drop in Pakistan’s gold prices mirrors trends in the global market, where gold per ounce has decreased by $71 to $4,642. Analysts suggest that fluctuations in international gold prices, along with changes in currency exchange rates, are key factors influencing domestic rates.
The APGJA has advised traders and buyers to stay updated on market trends as prices may continue to fluctuate in the coming days. This decline provides a temporary relief for investors and consumers looking to purchase gold amidst recent price surges.
Gold remains a preferred investment and a traditional store of value in Pakistan, making these changes closely watched by both traders and households.