Sarafa Association reports slight decrease in gold prices

Gold prices in Pakistan witnessed a slight decrease on Friday, in line with the global downward trend. The Sarafa Association reported that the price of one tola of gold dropped by Rs600 to reach Rs245,000, while the cost of 10 grams decreased by Rs514 to settle at Rs210,048. The international market also saw a decline in the price of this precious metal, with a $6 drop to $2,384 per tola.

The previous day had seen an increase in gold prices, with the cost of one tola rising by Rs1,600 to Rs245,600. Similarly, the price of 10 grams surged by Rs1,371 to reach Rs210,562.

Gold prices are influenced by various factors such as global economic conditions, geopolitical events, and demand-supply dynamics. Investors often turn to gold as a safe-haven asset during times of uncertainty, which can lead to fluctuations in its price.

While gold prices in Pakistan experienced a slight decrease recently, it's essential for investors to monitor market trends and stay informed about factors that can impact the price of this precious metal. Understanding the dynamics of the gold market can help individuals make informed decisions regarding their investments.