Gold prices in Pakistan continued their downward trend on Monday, in line with movements in the international market. According to the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola decreased by Rs1,100, bringing the rate down to Rs260,400.
Similarly, the price of 10-gram gold witnessed a decline, dropping by Rs943 and selling at Rs223,251. While gold prices experienced a notable decrease, silver prices remained stable at Rs2,950 per tola.
On the global front, spot gold fell by 0.2%, settling at $2,491.11 per ounce, while U.S. gold futures also edged 0.2% lower to $2,520.30. In contrast, spot silver saw a rise of 0.4% to $28.04 per ounce. Other precious metals, such as platinum and palladium, experienced gains, with platinum increasing by 1.7% to $937.35 and palladium rising by 1.3% to $922.68.