Business

Gold prices fell for forth consecutive day in Pakistan

Published by
Staff Reporter

ISLAMABAD: The price of gold per tola fell further during the trading day in Pakistan today. The Sarafa Bazaar Association said that gold per tola fell by Rs 3,400 to Rs 533,762, while 10 grams of gold fell by Rs 2,915 to Rs 457,614.

Similarly, gold per ounce fell by $ 34 in the global market to $ 5,110. The price of silver per tola increased by Rs 104 to Rs 8,914, while the price of 10 grams of silver increased by Rs 89 to Rs 7,642.

Today’s price of the dollar and other currencies in Pakistan. It should be remembered that buying gold is traditionally considered a safe investment whose value increases in times of inflation, political and economic instability.

It has been used as a currency and form of wealth for centuries. When investors feel uncertain about other assets, they often buy gold.

The method of determining the price of gold in Pakistan was changed last year, under which the price of gold was set at $20 per ounce above the international market rate.

Staff Reporter

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