PESHAWAR: The declining trend in gold prices continues in global and local bullion markets, as a result of which per-tola gold in Pakistan became cheaper by another Rs 900, while a decrease in silver price was also recorded.
According to the All Sarafa Association, the price of 24-carat per tola gold in the local market, after a decrease of Rs 900, has come down to Rs 434,536. Similarly, the price of 10 grams of gold also decreased by Rs 772 to Rs 372,544.
According to the rates issued by the Sarafa market, along with the decrease in gold prices, silver has also become cheaper. The price of per tola silver was recorded at Rs 6,207 after a decrease of Rs 27.
On the other hand, a decrease in gold price was also seen in the global bullion market, where per ounce gold became cheaper by $9 to $4,120.The effects of changes in gold rates in the global market are also being seen in the local bullion market. After the recent decline, the attention of buyers and business circles is focused on the changes in gold and silver prices.
Fluctuations in gold prices are linked to global market rates and the situation of the local bullion market, due to which prices can change daily.
Read also: Gold Prices Remain Stable in Local and Global Markets
