After a two-day upward trend, gold prices have witnessed a significant decline in both global and local markets, indicating a shift in market momentum.
According to the All Pakistan Sarafa Association, the price of gold per tola in Pakistan has decreased by Rs11,000 to reach Rs468,262, while the price of 10 grams of gold has dropped by Rs9,430 to Rs401,459.
Similarly, silver prices have also recorded a decline, with the price per tola falling by Rs340 to Rs7,484, reflecting the broader downward trend in precious metals.
In the international market, gold prices have also dropped significantly, with the price per ounce decreasing by $110 to $4,455, impacting local market rates.
