Local gold rates fall after int’l rate decrease

Gold prices retreated on Tuesday, with the per tola price falling to Rs240,000 after a Rs500 drop

After a recent uptick, gold prices in Pakistan took a downward turn on Tuesday, tracking the international market’s decline. The price per tola fell to Rs240,000, marking a Rs500 decrease from the previous day’s rate, as reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the 10-gram gold rate decreased by Rs429 to reach Rs205,761, reflecting the overall downward trend. This adjustment comes after a period of gains, with gold registering a notable increase in the previous session.

In contrast, silver rates remained stable at Rs2,620 per tola, maintaining their position amid the fluctuating gold market.

Last month, gold reached an all-time high of Rs252,200 per tola in the local market, underscoring the volatility and sensitivity of precious metal prices to global market dynamics.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Petroleum group import bill decreases by 8.87% YoY in April 2024

Import bill for petroleum products declined by 25% YoY to $12.34 billion in 10MFY24, from $16.5 billion in the same period last year