After experiencing a historic high a day earlier, the price of gold in Pakistan decreased massively.
The All-Pakistan Gems and Jewellers Sarafa Association reported on Friday that the price of 24-karat gold per tola fell by Rs3,000, bringing it to a historic Rs251,000.
The price of 10-gram 24-karat gold also experienced a downward trend, dipping by Rs2,572 to reach Rs215,192.
The price of 10 grammes of 22-karat gold on Friday was Rs197,259.
Also Read: Price of gold in Pakistan reaches highest in history
The international gold market also showed a decreasing trend. According to APGJSA, the global rate stood at $2,415 per ounce, marking a $55 decrease on Friday.
Silver prices in the local market also saw a decrease by Rs50 to be traded at Rs2,850 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.
