A significant drop was recorded today in the price of gold in Pakistan amid continuous fluctuations, after which gold per tola fell to Rs 429,136.
According to the All Pakistan Gems and Jewellers Association, the price of gold per tola has decreased by Rs 6,500. Similarly, 10 grams of gold have become cheaper, from Rs 5,573 to Rs 367,914.
A decrease in the price of gold was also seen in the global bullion market. In the international market, gold fell by $65 per ounce to $4,066.
On the other hand, the price of silver also recorded a decline in the local bullion market. According to the rates issued by the association, silver per tola fell by Rs85 to Rs5,678, while the price of 10 grams of silver fell by Rs73 to Rs4,867.
The decline in the prices of precious metals in the global market has also affected the local bullion market. However, the prices of gold and silver may fluctuate due to changes in the global market, the value of the dollar and local demand and supply.
