Gold prices dip sharply in both local and international markets

Gold and silver prices have seen a notable drop today, with the price of gold per ounce falling by $26 in the international market and the price per Tola of gold decreasing by 2,700 rupees in local markets.

In the international bullion market, the price of gold per ounce dropped by $26, bringing it down to $2,741. Meanwhile, in the domestic market, the price of gold per tola decreased by Rs2,700 settling at Rs286,400.

Additionally, the price of gold per 10 grams in the local market fell by Rs2,315, reaching Rs245,541.

It is worth noting that a similar trend was observed yesterday as well. The international price of gold per ounce had dropped by $3, falling to $2,767.

Locally, the price of 24-carat gold per tola decreased by 300 rupees, standing at Rs289,100, while the price of gold per 10 grams also saw a reduction of Rs257, bringing it to Rs227,209.

In other related developments, silver prices also experienced a decline. The price of silver per tola fell by Rs14 to Rs3,395, while the price per 10 grams dropped by Rs12, reaching Rs2,910.