Gold prices in the country have recorded a decline for the second consecutive business day. According to the All Pakistan Gems and Jewellers Sarafa Association, gold per tola has become cheaper by Rs 900 to Rs 434,536.
According to the rates issued by the association, the price of 10 grams of gold has also decreased by Rs 772,254 to Rs 372,544.
A decrease in the price of gold was also seen in the global market, where the rate per ounce fell from $9 to $4,120. This change in prices in the global market came with a decrease in the rates of the local Sarafa market.
A day earlier, the price of gold per tola in Pakistan had also decreased by Rs 3,600. Thus, during two business days, the price of gold per tola has become cheaper by a total of Rs 4,500.
Local gold prices are also affected by global market rates, the value of the dollar and local market conditions.
