Gold prices in Pakistan experienced a significant drop on Thursday, with the rate per tola decreasing by Rs2,200, closing at Rs261,500, despite a rise in international gold prices.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10 grams of gold also witnessed a decrease of Rs1,886, bringing it down to Rs224,194.
On the other hand, the global gold market saw an uptick on Thursday. The international price of gold climbed to $2,516 per ounce, with an additional premium of $20, reflecting a $4 increase during the trading day, as reported by the APGJSA.
Meanwhile, silver prices in the local market remained stable, with no change from the previous rates, holding at Rs2,950 per tola.
The fluctuating gold prices in the local market continue to be influenced by the ongoing dynamics of the international market, coupled with domestic factors, including currency exchange rates and demand within the country.
