Gold prices recorded a decline in the international bullion market on Monday, where gold fell by $55 per ounce to $4,478. This decline is the most significant trend in the global market after a long period of six days.
The effects of the global market were also noticeable in the local bullion markets, as a result of which the price of 24-carat gold per tola fell by Rs5,500 and fell to Rs470,162. Similarly, the price of gold per ten grams also fell by Rs4,715 to Rs403,088.
Silver prices also fell, with silver per tola falling by Rs 332 to Rs 8,075, while the price of silver per ten grams fell by Rs 284 to Rs 6,923. According to experts, there are several factors behind the fluctuation in the price of gold in the global market, including the value of the US dollar, the international economic situation, and investment trends. This decline could create new investment opportunities in gold for investors.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) |
| 24-Karat | 470600.00 | 403470.00 |
| 22-Karat | 431,501 | 369,848 |
| 21-Karat | 411,887 | 353,037 |
This news is especially important for investors, bullion owners, and gold buyers as price fluctuations in the market can affect buying and selling strategies.
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