All Pakistan Gems and Jewellers Sarafa Association announces gold price drop

Gold prices in Pakistan have witnessed a notable shift, with the All Pakistan Gems and Jewellers Sarafa Association confirming that the price of 24-Karat gold has settled at Rs240,000 in the local markets. This development comes alongside a decrease of Rs500 per tola, reflecting a trend of declining prices in the region. The price for 10 grams of gold has also seen a reduction, now standing at Rs205,761, marking a decrease of Rs429. On the international front, the gold rate experienced a decline of $5, bringing the rate to $2,317 per ounce.

These fluctuations in gold prices have captured the attention of investors and consumers alike, as they navigate the implications of these changes on their investments and purchasing decisions. The decrease in both local and international gold rates signals a shift in the market dynamics, prompting individuals to reassess their strategies and outlook on the precious metal.