Gold prices in Pakistan have experienced a persistent decline over thecourse of four consecutive days, mirroring the trends in the global market.This decline is based on information provided by the All-Pakistan SarafaGems and Jewellers Association (APSGJA). Specifically, the domestic priceof 24 karat gold has witnessed a decrease of Rs5,800 per tola and Rs4,972per 10 grams, ultimately reaching Rs216,500 and Rs185,614, respectively.
Simultaneously, on the international front, the value of gold has droppedby $5, settling at $1,921 per ounce today. The reasons behind thisfluctuation in gold prices within Pakistan can be attributed to ongoingpolitical and economic uncertainties, coupled with elevated levels ofinflation.
Furthermore, the data shared by the association indicates a similardownward trajectory for silver. The price of 24 karat silver hasexperienced a reduction of Rs50 per tola and Rs42.87 per 10 grams,resulting in a settlement at Rs2,650 and 2271.94, respectively. This trendin precious metal prices underscores the volatile economic landscape inPakistan and its impact on these valuable commodities.
