KARACHI – Gold enthusiasts in Pakistan have reason to rejoice as the glittering precious metal continues its downward trajectory, reaching a one-month low in the local market, currently trading at approximately Rs2lac per tola. This significant dip in gold rates has been closely monitored by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), which reports a notable decline in the price of 24-carat gold by Rs1,400, settling at an attractive Rs201,100 per tola. For those looking to invest in smaller quantities, the price of 10-gram gold has also experienced a considerable drop, decreasing by Rs1,190 to its new price of Rs172,410.
Why Gold Rate in Pakistan Dropped?
Last week, gold prices in Pakistan experienced an upward surge, attracting the attention of investors and enthusiasts alike. However, in recent days, these rates have taken a dip, making it an opportune time for those considering purchasing or investing in the precious metal. On the global stage, the price of gold has similarly witnessed a decrease, with a drop of $0.70, bringing the international rate to $1,825 per ounce on Tuesday.
Meanwhile, silver rates in Pakistan have remained consistent, with no notable changes. The price continues to stand at a reasonable Rs2,300 per tola.
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