ISLAMABAD: Gold prices have declined in the country’s bullion markets on the first day of the business week.
According to the All Pakistan Gems and Jewelers Association, gold per tola has become cheaper by Rs 100 to Rs 356,300, while 10 grams of gold has become cheaper by Rs 85 to Rs 355,470.
The United States is in first place in terms of gold reserves worldwide, while China holds this honor in Asia. India is in eighth place globally and second place in Asia. Pakistan is in 49th place in the global list.
According to the report, the United States, Germany and Italy are at the top in terms of gold reserves, while China and India have the largest gold reserves in Asia.
According to the World Gold Council, central banks around the world bought more than 1,000 metric tons of gold in 2024, nearly double the average annual purchases over the past decade.
That’s why central banks are major gold hoarders, holding about a fifth of all gold mined in history.
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