In Pakistan’s local market, gold prices saw a notable decline on Saturday, following significant gains from the previous day. Data from the All Pakistan Gems and Jewellers Association indicated a decrease of Rs1,700 per tola, with the price dropping to Rs216,000. Similarly, the cost of 10 grams of gold decreased by Rs1,458, closing at Rs185,185 in the country.
Concurrently, the international market also experienced a downturn in gold prices, with the value per ounce decreasing by $15 to $2,039.
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The preceding Friday had witnessed a contrasting scenario, with gold prices soaring. The per tola price surged by Rs1,500 to settle at Rs217,700, while the price for 10 grams increased by Rs1,400, reaching Rs186,643.
These fluctuations underscore the dynamic nature of gold prices, influenced by various factors both domestically and internationally. Investors and traders keenly monitor such shifts to navigate the volatile precious metals market effectively.