ISLAMABAD: A significant and major decline has been recorded in the price of gold in the bullion markets across the country, after which gold became cheaper by Rs 8,600 per tola.
After this sudden and major decline, a major change has been seen in the market for people wishing to buy gold.
According to the latest data released by the All Pakistan Gems and Jewelers Association, after this significant decline, the price of gold per tola in the country has come down to Rs 467,762. Similarly, a major rise of Rs 7,373 has also been seen in the price of 10 grams of gold, after which it closed at Rs 411,030.
According to bullion market sources and global reports, this decline in the local market is linked to the international market, where a clear decline of $ 86 has been seen in the price of gold.
After this global decline, gold is trading at $4,454 per ounce in the international market. Economists say that the effects of the delay in the agreement between Iran and the United States have been felt on the global market, due to which this fluctuation in prices is being seen.
On the other hand, along with gold, silver prices in the local bullion market have also received relief. The price of silver has come down by Rs 259 to Rs 7,894 per tola, due to which the overall bullion market has been in a bearish trend.
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