The gold prices in Peshawar on Saturday dropped up to 4,75100 per Tola while the prices of 10 gram was recorded 407330 on Saturday afternoon.
According to the All Pakistan Jewellers Association, 24-carat gold per tola fell by Rs7,700 to Rs while ten grams of gold dropped by Rs 7,172 to Rs407773. Silver prices also decreased, with silver per tola falling by Rs150 to Rs9,425.
The decline in local prices follows a fall in the global gold market, where prices dropped $50 per ounce to $4,550, attributed to easing global political tensions and a reduced likelihood of conflict in Iran.
Experts said that gold and silver prices in Pakistan had been reaching historic highs in recent days, but the recent drop offers an opportunity for investors and consumers to buy at relatively lower rates. Traders also noted that price fluctuations are influenced by both global and domestic factors, and such volatility is likely to continue in the coming days.
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