ISLAMABAD: Gold prices witnessed a downward trend in both international and local markets on Saturday, providing some relief to investors and buyers after the recent volatility.
The price of gold per ounce in the international bullion market fell by $14, taking the global price to $3,288 per ounce. The decline reflects a change in investor sentiment amid global economic factors, including currency fluctuations and expectations around interest rates.
Local gold prices also witnessed a significant decline following the international trend. The price of 24-karat gold per tola in Pakistan’s local bullion markets fell by Rs1,400 to Rs347,200 per tola. Similarly, the price of 10 grams of gold fell by Rs1,200 to Rs297,668.
The silver market reflected this softening. The price of one tola of silver decreased by Rs 24 to Rs 3,356, while the price of 10 grams of silver decreased by Rs 21 to Rs 2,962.
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