ISLAMABAD: After three consecutive days of increase, gold prices have seen a drop in the gold markets today.
According to the All Pakistan Sarafa Association, 24-carat gold per tola has decreased by Rs 2,300 to Rs 452,936, while the price of ten grams of gold has decreased by Rs 2,070 to Rs 387,615. The price of silver per tola has decreased by Rs 144 to Rs 7,359, while gold has become cheaper by $ 23 in the international market and has become $ 4,305 per ounce.
Traders in the bullion market say that the price of gold is affected by three factors. The international market rate has reached $4,315 per ounce. The second is the value of the rupee against the dollar, and the third is local supply and demand in Peshawar’s Qissa Khawani and Chowk Yadgar bullion markets. Due to the wedding season and the approach of Eid, the demand for jewelry increases, which also adds a premium of Rs 300 to 600 per tola to the retail market. Market Overview
Peshawar bullion market is a major trading centre in Pakistan, from where traders from Khyber Pakhtunkhwa and FATA also buy. Traders advise confirming the rate before buying and selling because the rate is updated every 30 minutes with the international market and the dollar price.
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