A significant decline in gold prices has been observed locally, following a dip in global rates, bringing the price of gold below Rs275,000 per tola.
In the international bullion market, the price of gold dropped by $21 per ounce, settling at $2,637. This decrease had a direct impact on local gold market.
On Tuesday, 24K gold fell by Rs2,100 per tola, reaching Rs274,900. Similarly, the price for 10 grams of gold declined by Rs1,800, bringing it to Rs235,682.
In contrast, silver prices remained unchanged. The price of one tola of silver held steady at Rs3,400, while the price of 10 grams of silver also remained stable at Rs2,914.95.
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