Sarafa Association reports significant drop in gold prices

Gold prices in Pakistan have been experiencing a downward trend for the fourth consecutive day. This decline is primarily attributed to the decrease in international gold prices. According to the Sarafa Association, the per tola price of gold dropped by Rs1,800 to settle at Rs240,200. Similarly, the price of 10-gram gold decreased by Rs1,543 to reach Rs205,933. In the global market, the price of gold also saw a reduction of $17, settling at $2,338 per ounce.

Yesterday, the price of 24-karat gold in Pakistan witnessed a significant drop, falling by Rs6,200 to settle at Rs242,000. The price of 10-gram gold also decreased by Rs5,315, closing at Rs207,476. On the other hand, silver prices in Pakistan remained stable at Rs2,800 per tola and Rs2,400.54 per 10-gram.

The consecutive decline in gold prices in Pakistan can be attributed to the decrease in international prices. Investors and individuals interested in purchasing gold may find this period favorable for buying gold due to the current market conditions. It is essential to stay updated on the latest trends in gold prices to make informed decisions regarding investments in precious metals.