ISLAMABAD: Gold prices in Pakistan fell in local bullion markets on the back of a decline in international bullion markets. The decline reflects the ongoing volatility in the market, which comes just a day after a brief rise in domestic prices.
According to the latest data released by the All-Pakistan Gems and Jewellers Bullion Association (APGJSA), the price of 24-karat gold per tola fell by Rs3,000 to Rs351,500. Similarly, the price of 10 grams of gold fell by Rs2,572 to Rs301,354.
| Gold Unit | Price |
|---|---|
| Per Tola Rate | Rs351,500 |
| 24-Karat (10 grams) | Rs301,354 |
Gold prices started rising at the end of June, reaching Rs356,800 on July 1 and peaking at Rs357,000 on July 3. However, the trend reversed on July 4, with rates slipping to Rs355,500 and continuing downward to Rs353,000 by July 7.
This latest decline follows a brief rally on Tuesday, when gold had increased by Rs1,500 per tola, reaching Rs354,500.
On the global stage, gold prices also saw a downturn. The international rate stood at $3,292 per ounce, marking a $33 drop. The figure includes a premium of $20, according to APGJSA data.
Meanwhile, silver prices in the local market remained unchanged. One tola of silver continued to be priced at Rs3,841.
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