Gold prices recorded a significant drop both internationally and locally, providing a respite to buyers amid ongoing market fluctuations.
In Pakistan, the price of 24-karat gold decreased by Rs4,100 per tola, settling at Rs274,300, while 10 grams of gold saw a reduction of Rs3,515, closing at Rs235,168.
On the international front, the price of gold fell by $41 per ounce, bringing it to $2,631 in the bullion market. This decline in global rates influenced the local markets, leading to the observed price drops on Tuesday.
Silver prices, however, remained stable. The price of one tola of silver stood unchanged at Rs3,400, and 10 grams stayed steady at Rs2,914.95.
It is worth noting that gold prices also saw a substantial decline on Monday, with a decrease of Rs4,300 per tola and Rs3,657 per 10 grams.
The consistent decline in gold prices reflects ongoing shifts in international markets, impacting local rates accordingly.
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