The price of gold in Pakistan fell by Rs1,700 per tola on Monday, following a decrease in international gold rates.
The decline was attributed to a drop of $17 in the price of gold per ounce in the global bullion market, which is now trading at $2,633 per ounce.
In local markets, the price of 24-carat gold fell to Rs274,500 per tola, a reduction of Rs1,700 compared to the previous day.
The price of 10-gram gold also saw a drop of Rs1,457, settling at Rs235,340.
Silver prices remained unchanged, with per tola silver priced at Rs3,400 and 10-gram silver stable at Rs2,914.95.
The price fluctuations come amid ongoing shifts in the global gold market, which are directly impacting local rates in Pakistan.
On Saturday, the price of gold in the international bullion market fell by $11, reaching $2,650 per ounce.
As a result, in local gold markets, the price of 24-carat gold per tola dropped by Rs 1,100 to Rs 276,200, and the price of 10 grams of gold also fell by Rs 943 to Rs 236,797.
In contrast, the price of silver remained unchanged, with the per tola price staying at Rs 3,400, and the 10-gram price of silver remained stable at Rs 2,914.95.
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