Gold, silver prices see major dip across in Pakistan

The price of gold per tola fell by Rs. 8,900, bringing it down to Rs. 485,062.

KARACHI: Gold prices across Pakistan witnessed a significant decline, with a drop of more than Rs. 8,000 recorded in the domestic market.

According to the All Pakistan Gems and Jewellers Association, the price of gold per tola fell by Rs. 8,900, bringing it down to Rs. 485,062.

Similarly, the price of 10 grams of gold decreased by Rs. 7,630, settling at Rs. 415,862, the association added.

Meanwhile, in the international market, gold prices also saw a downward trend, declining by $89 to reach $4,627 per ounce.

Following a drop in international prices, silver rates in Pakistan also recorded a notable decrease in local bullion markets.

In the global market, silver prices fell by $2.38 per ounce, settling at $73.27 per ounce.

Consequently, in domestic markets, the price of silver per tola decreased by Rs. 238 to Rs. 7,811, while the rate for 10 grams of silver declined by Rs. 204, reaching Rs. 6,696.