ISLAMABAD: The price of gold continues to decline in the country’s gold markets.
According to the All Pakistan Gems and Jewelers Association, the price of gold fell by Rs 200 per tola today, the new price of gold is Rs 358,100 per tola.
Similarly, 10 grams of gold has become cheaper by Rs 171 to Rs 377,013.
The United States ranks first in terms of gold reserves worldwide, while China holds this honor in Asia. India ranks eighth globally and second in Asia. Pakistan ranks 49th 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 hold the largest gold reserves in Asia.
According to the World Gold Council, central banks of various countries purchased more than 1,000 metric tons of gold in 2024, which is almost double the average annual purchase of the last decade.
That’s why central banks are major gold hoarders, holding about a fifth of all gold mined in history.
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