The All Pakistan Sarafa Gems and Jewellers Association reported a decline in gold prices in the local market on Tuesday. The price of 24-karat gold per tola decreased by Rs2,500 to settle at Rs434,936.
Drop in 10-Gram Gold and Silver Prices
Similarly, the price of 10 grams of 24-karat gold fell by Rs2,143 to Rs372,887, while 10 grams of 22-karat gold declined by Rs1,965 to Rs341,825. In the international market, gold dropped by $25 to $4,125 per ounce.
Silver prices also witnessed a reduction. Per tola silver decreased by Rs120 to Rs6,559, and 10 grams of silver went down by Rs103 to Rs5,623. Internationally, silver declined by $1.20 to $60.80 per ounce, according to the association.
Market Impact and Context
The decline aligns with global trends, as international gold and silver prices fell. The association's data reflects daily fluctuations in precious metals, which are closely watched by investors and jewelers in Pakistan.
