KARACHI: A significant decline has been recorded in gold and silver prices in both international and local markets, triggering concern among investors and traders.
In the global bullion market, gold prices fell by $55 per ounce to $4,572.
Following the international trend, local prices also witnessed a sharp decline. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola dropped by Rs5,500 to Rs479,562. Similarly, the price of 10 grams of gold decreased by Rs4,715 to Rs411,147.
Silver also followed a downward trend, with the price of one tola falling by Rs45 to Rs7,766.
Market experts attribute the volatility to fluctuations in global demand, changes in the US dollar value, and ongoing economic uncertainty, all of which continue to impact precious metal prices domestically and internationally.
