After a continuous increase in the price of gold in the global and local gold markets, there has been a significant decrease in the price of gold in the country after reaching the highest level.
After the decrease in the price of gold in the global and local gold markets, the price of gold per tola has decreased to Rs 437,362. Similarly, 10 grams of gold has decreased by Rs 6,463 to Rs 374,967.
The price of gold has also decreased internationally, where the global price has decreased by $ 85 per ounce to $ 4,150 per ounce. In recent weeks, prices had increased significantly due to investment in gold in view of a possible reduction in interest rates in the United States, and on Monday the price of gold reached a record level of $ 4,381 per ounce.
Gold prices have surged 60 percent this year, driven by geopolitical and economic uncertainty and falling interest rates. Experts say the global decline in gold prices has made investors wary, and that the decline is due to the strength of the US dollar and other global economic impacts.
Gold prices have also fallen in the local market, making gold relatively cheaper for buyers, but it is expected that global prices may fluctuate further.
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