Gold prices drop in local markets
Despite the drop in gold prices, the price of silver remained stable
Gold prices witnessed a decline both in international and local markets on Saturday. In the global bullion market, the price of gold fell by $18 per ounce, settling at $2,639.
Meanwhile, in local markets, the price of 24-carat gold dropped by Rs 1,200 per tola, reaching Rs 275,700. The price of 10 grams of gold also decreased by Rs 1,029, standing at Rs 236,368.
Despite the drop in gold prices, the price of silver remained stable. In the local markets, the price of one tola of silver remained unchanged at Rs 3,350, while the price for 10 grams of silver also held steady at Rs 2,872.08.
Market experts attributed the fluctuation in gold prices to global economic trends, with silver prices remaining unaffected by the recent changes.