Gold prices in Pakistan experienced a significant decline on Thursday, mirroring trends observed in the global market.
According to details, the price of gold in the international bullion market decreased by $26, bringing the price of one ounce of gold down to $2,621.
As a result of this decrease, the price of 24-carat gold per tola in local markets fell by Rs2,100, reaching Rs273,300. The price of 10 grams of gold also decreased by Rs2,229, reaching Rs234,311.
Similarly, the price of silver per tola increased by Rs50, reaching Rs3,350, and the price of 10 grams of silver rose by Rs42.87, reaching Rs2,872.08.
Earlier gold prices in Pakistan rose again on Wednesday after a dip, mirroring an increase in international rates. In the local market, the price of gold per tola reached Rs275,900, reflecting a single-day rise of Rs1,000, according to data from the All-Pakistan Gems and Jewellers Sarafa Association.
The Pakistan Stock Market faced a notable decline on Thursday, with the index dropping by 1.07%, current index at 109,879.39, at 11:30am
The market saw a high of 111,745.02 earlier in the day but fell to a low of 108,398.42 in the intra day of trading.
Volume reached 183,992,732, reflecting a relatively active trading session.
The previous close was recorded at 111,070.29, and the market's value stood at 18,542,601,570.
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