A significant decline was recorded in the prices of gold and silver in the country on Friday, after which the price of gold per tola reached the level of Rs 420,000.
According to the All Pakistan Gems and Jewelers Association, the price of 24-karat gold per tola fell by Rs 5,100 to Rs 420,536, while 10 grams of gold was sold for Rs 4,373 cheaper at Rs 360,541.
A decline was also seen in silver prices. In the local market, silver per tola fell by Rs 238 to Rs 5,530, while the price of 10 grams of silver fell by Rs 204 to Rs 4,741.
The price of gold also fell significantly in the global bullion market. In the global market, gold fell by $51 per ounce to $3,980.
The impact of the decline in global gold and silver prices was also noticeable in the local bullion market. Due to the fluctuations in the prices of precious metals, the attention of investors and jewelry buyers will be focused on the future global market situation.
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