Gold prices plummet in Pakistan and globally

Gold prices in Pakistan have been on a downward trend for the past three days. The latest report from the Sarafa association reveals that the price of 24-karat gold has dropped significantly, decreasing by Rs6,200 per tola. This brings the current price of 24-karat gold to Rs242,000 in the country. Similarly, the price of 10-gram gold has also seen a decline, with a decrease of Rs5,315, closing at Rs207,476.

On the international front, the price of gold per ounce has also experienced a drop, falling by $62 to $2,355. This decline follows a previous decrease in gold prices, where the price per tola had fallen by Rs300 to Rs248,200, and the price of 10-gram gold had dipped by Rs236 to Rs212,791.

The recent decline in gold prices both in Pakistan and internationally indicates a shift in the market. Investors and consumers alike should stay informed about these fluctuations to make well-informed decisions regarding gold investments. It is essential to monitor the market trends closely to understand the factors influencing these price changes.