PESHAWAR: The gold prices dropped again maintaining the downward movement seen in the past few days, on Thursday.
Yesterday gold prices declined by Rs 1,000 and over the two days the price of gold has decreased by Rs 2,700, per tola.
Today the cost of gold decreased by Rs 1,700 setting the price of one tola of gold at Rs 441,462.
In the way, the cost of 10 grams of gold has dropped by Rs 1,457 lowering it to Rs 378,482.
On the market, the cost of gold, per ounce has decreased by $17 currently at $4,191.
Although gold prices have fallen the silver market has seen growth. Yesterday silver prices climbed above Rs 6,000, per tola. Nonetheless, today silver prices dropped by Rs 85 lowering the cost of one tola of silver to Rs 6,000.
As the gold market sees a dip, the stock market opened on a positive note, and the value of the US dollar continues to decline.
It is worth mentioning here on Thursday that Gold prices further dropped as the downward trend in gold prices in the domestic bullion market continues, and a clear decline in prices was recorded on the third day of the business week.
This is good news for gold buyers, while investors are looking cautious. According to bullion market data Gold per tola became cheaper by another Rs 1,000 to Rs 443,162.Ten grams of gold also sold for Rs 379,939 after a decrease of Rs 858. A decline in prices was also seen in the global market, where gold in the international bullion market fell by $ 10 to $ 4,208 per ounce.
It may be recalled that yesterday (Tuesday) also, the price of gold per tola had decreased significantly by Rs 2,700, bringing the price to Rs 444,162.
Increase in the price of silver Unlike gold, the price of silver has increased. The price of silver per tola increased by Rs 81 to Rs 6,085, while a slight increase was also recorded in the price of ten grams of silver.
According to experts, gold prices are likely to continue to fluctuate due to the value of the dollar in the global market, global economic stability and investment trends.
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