Karachi, July 30, 2024 – Gold prices in Pakistan experienced a notable decline on Tuesday, mirroring a downward trend observed in the international market. According to data released by the All Pakistan Gems and Jewellers Association, the price of gold per tola fell by Rs400, bringing the new rate to Rs252,300. Concurrently, the cost of gold per 10-gram dropped by Rs344, settling at Rs216,306.
This decline follows a global trend where the price of gold decreased by $2 per ounce, closing at $2,388. The international market’s movement has influenced local gold prices, reflecting a broader trend of falling gold values.
In contrast, silver prices in Pakistan remained stable. The per tola silver price held steady at Rs2,860, while the 10-gram silver price was unchanged at Rs2,451.98. This stability in silver prices comes despite fluctuations in gold values.
The previous day had seen a slight increase in gold prices in Pakistan, with the per tola rate rising by Rs200 to reach Rs252,700 and the 10-gram price climbing by Rs172 to close at Rs216,650. This recent volatility in gold prices underscores the sensitivity of the precious metal market to both domestic and international economic conditions.
As market participants navigate these changes, they will be closely watching further developments in global gold prices and their impact on the local market.
