KARACHI – Gold price in Pakistan witnessed a major decline on the second day of the business week, bringing relief to buyers.
According to the All Pakistan Gems and Jewellers Association (APGJA), the price of 24-karat gold per tola decreased by Rs. 3,600 on Tuesday, October 20.
After the decrease, the new price of 24-karat gold per tola in Pakistan has become Rs. 435,436. Yesterday, on Monday, the gold price had remained unchanged.
According to the association, the price of 24-karat gold per 10 grams also decreased by Rs. 3,086 to Rs. 373,316, while the price of 22-karat gold per 10 grams fell by Rs. 2,829 to Rs. 342,218.
The decline in the local market is due to a drop in the international market. In the international bullion market, the gold price fell by $36 per ounce to $4,129 per ounce.
Silver Prices Remain Stable. Unlike gold, silver prices remained unchanged in Pakistan. The price of 24-karat silver stood at Rs. 6,234 per tola and Rs. 5,344 per 10 grams, while international silver was stable at $57.56 per ounce.
The domestic gold rates are based on interbank exchange rates and international market trends, the association said.
Read also: Gold Prices See Big Jump for Second Consecutive Day
