KARACHI: The price of gold has recorded a significant decrease across the country, due to which gold has become cheaper by Rs 1,800 to Rs 338,800 per tola. This decrease is considered to be an important development for gold buyers and traders in the domestic market.
According to the All Pakistan Gems and Jewellers Association, the price of 10 grams of gold has also decreased by Rs 1,543, after which the new price has been set at Rs 290,466. Gold prices also fell in the global market, where the price of gold fell by $18 to $3,218 per ounce.
The association says that the impact of falling gold prices in the global market is also showing on the domestic market, but local demand and supply, the value of the dollar, and other economic factors can also affect prices.
According to analysts, the current decline could be a rare opportunity for those looking to buy gold, especially in circumstances when financial uncertainty persists internationally.
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