A significant decline in gold prices has been recorded for the second consecutive day in the global and local gold markets, after which a mixed trend is being seen among investors and buyers.
According to the All Pakistan Sarafa Association, 24-carat gold per tola has become cheaper by Rs 5,500 to Rs 479,562, while the price of 10 grams of gold was recorded at Rs 411,147 after a decrease of Rs 4,715.
Similarly, a decline has also been seen in the price of silver per tola, which has come down to Rs 7,766 after a decrease of Rs 45.
On the other hand, the trend of decline in gold prices in the global market also continues, where gold is trading at $4572 per ounce after a decline of $55.
According to experts, gold prices are fluctuating due to the global economic situation, the strength of the dollar and changing investment trends. Further decline or stability will depend on the trend of the global market in the coming days.
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