Gold prices fall for second consecutive day in Pakistan

Global gold prices dropped by $20 to $2,601, causing a decrease in gold rates in local markets as well

Following a decline in global gold prices, local markets have witnessed a drop in the price of gold. The price of gold in the international bullion market decreased by $20 per ounce, bringing it down to $2,601. This reduction in global prices has also led to a decrease in gold rates in local markets.

In Pakistan, the price of 24-karat gold per tola fell by Rs2,000, reaching Rs271,300, while the price for 10 grams of gold decreased by Rs1,715, settling at Rs232,596.

In contrast, the price of silver remained unchanged, with the price of one tola of silver holding steady at 3,350 rupees, and the price for 10 grams of silver also remaining stable at 2,872.08 rupees.

It’s the second consecutive day that gold prices have seen a decline. On Thursday, the price of gold in the international bullion market decreased by $26, bringing the price of one ounce of gold down to $2,621.

In the local market, the price of 24-carat gold per tola fell by Rs2,100, reaching Rs273,300 while the price of 10 grams of gold had decreased by Rs2,229, reaching Rs234,311.