KARACHI: Gold prices in Pakistan witnessed a significant decline on Monday in line with international markets.
According to the All-Pakistan Gems and Jeweller’s Sarafa Association (APGJSA), the price of gold per tola in the local Sarafa market fell by Rs2,500, taking the new price to Rs353,000. The price of 10 grams of gold also recorded a decline of Rs2,143, which is now worth Rs302,640.
| Gold Type | Price Change | New Price |
|---|---|---|
| Per Tola | -Rs2,500 | Rs353,000 |
| 10 Grams | -Rs2,143 | Rs302,640 |
The latest figures shows negative trend in upward trend seen over the past week, when gold prices had steadily increased and peaked at Rs357,000 per tola.
On the global front, gold prices also registered a decline of $25 per ounce, now standing at $3,310. Market experts suggest investors remain cautious, as volatility in both local and global markets could lead to further fluctuations in gold prices.
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