After a week of steady rise, the price of gold in Pakistan saw a massive decline on Monday, reflecting global market trends.
In the local market, the price of 24-karat gold per tola decreased massively by Rs4,300, settling at Rs278,400, according to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Similarly, the price of 10 grams of 24-karat gold fell by Rs3,657, taking it to Rs238,683.
Also Read: Gold price in Pakistan sees fifth consecutive increase
In the international market also, the price of gold saw a huge drop of $43 on Monday, reaching $2,672 per ounce with an additional premium of $20.
Silver prices in the local market also decreased significantly by Rs50, and reached at Rs3,400 per tola.
