Summary: The price of gold continues to fall in Pakistan. Gold has fallen by another Rs 4,900 per tola to Rs 411,636, while the price of silver has also decreased by Rs 71 per tola.
Karachi: The price of gold in the country continues to decline, and today too a significant decrease has been recorded in the price of gold per tola, while silver has also become cheaper.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola has decreased by Rs 4,900 to Rs 411,636.
Similarly, the price of 10 grams of gold decreased by Rs 4,201, after which the new price was set at Rs 352,911.
Silver prices also fell. Silver fell by Rs 71 per tola to Rs 5,751, while the price of 10 grams of silver was Rs 4,929.
On the other hand, the price of gold in the global bullion market fell by $49 to $3,891 per ounce.
The effects of fluctuations in gold prices in the global market are also being seen in the local gold markets. Global economic conditions, the value of the US dollar and expectations regarding interest rates are important factors affecting the prices of precious metals.
Experts and investors are now focusing on the future situation in the global market, as changes in international prices and the value of the rupee may further affect the prices of gold and silver in Pakistan.
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