Business

Gold prices decrease after consecutive surge in bullion markets

Published by

Digital Desk

7 months ago

KARACHI: Gold prices in Pakistan have witnessed a decrease after two consecutive days of a surge in the local and international bullion markets.

According to the All Pakistan Jewelers Association, the price of gold per tola has decreased by Rs 3,300 to Rs 439,762.

The association says that the price of 10 grams of gold has decreased by Rs 2,829 to Rs 377,025.

The price of gold in the global market has decreased by $ 33 to $ 4,174 per ounce.

Earlier, Gold prices touched new highs in local and international markets, driven by a surge in global bullion rates that crossed the $4,100-per-ounce threshold.

In Pakistan, the price of gold in Pakistan jumped by Rs 8,300 per tola, reaching Rs4,43,062, while the rate for 10 grams increased by Rs 7,116 to settle at Rs 3,79,854.

Silver and Gold rates in the cities of Pakistan

City	Gold Price (Per Tola)
Karachi	Rs4,43,062
Lahore	Rs4,43,062
Islamabad	Rs4,43,062
Peshawar	Rs4,43,062
Quetta	Rs4,43,062
Sialkot	Rs4,43,062
Hyderabad	Rs4,43,062
Faisalabad	Rs4,43,062

In the international market, gold prices climbed by $59 per ounce, hitting $4,134, whereas silver also posted gains, rising by $1.44 to $51 per ounce.

Following the international trend, domestic silver prices recorded notable increases as well. Silver rose by Rs 144 per tola and Rs 124 per 10 grams, bringing the rates to Rs 5,353 and Rs 4,589, respectively

Digital Desk