After several days of increase, gold prices in Pakistan finally saw a drop on Monday.
The All-Pakistan Gems and Jewellers Sarafa Association reported that the price of 24-karat gold per tola fell by Rs1,300, bringing it to Rs245,100.
The price of 10-gram 24-karat gold also experienced a downward trend, falling by Rs1,113 to reach Rs210,134. This follows a previous increase on Saturday, when the per tola price rose by Rs1,740.
The price of 10 grammes of 22-karat gold on Saturday remained Rs192,622.
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The international gold market also showed a downward trend on Monday. According to APGJSA, the global rate stood at $2,376 per ounce, marking a $12 decrease during the trading day.
Silver prices in the local market, however, remained stable at Rs2,900 per tola.
Market analysts attribute the rise in gold prices to various factors, including fluctuations in the international market, currency exchange rates, and economic conditions. The continued increase in gold prices may influence investment decisions and consumer behaviour in the coming days.
