Summary: The price of gold in Pakistan has recorded a significant decline and has become cheaper by Rs 6,500 per tola to Rs 429,136. The price of gold in the global market also decreased by Rs 65, while the price of silver per tola in the local market was recorded at Rs 5,678.
Karachi: Gold and silver prices in Pakistan recorded a significant decline on Friday, after which the price of gold per tola in the local market fell to Rs429,136.
According to the All Pakistan Gems and Jewellers Association, the price of 24-karat gold per tola decreased by Rs6,500. Similarly, 10 grams of gold became cheaper by Rs 5,573 to Rs 367,914.
Silver prices also saw a decline. According to the association, silver per tola fell from Rs 85 to Rs 5,678, while the price of 10 grams of silver fell from Rs 73 to Rs 4,867.
On the other hand, a decline in the prices of precious metals was also recorded in the global market. In the global market, gold fell by $65 to $4,066 per ounce, while the price of silver fell by 85 cents to $52 per ounce.
This decline in prices in the global market also affected the rates of gold and silver in the local bullion market.
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