After a drop in the global bullion market, gold prices also dropped in the local market by Rs 1800 per Tola of 24 Karat.
The effects of the decline in gold prices in the global market have also been seen in Pakistan’s bullion market, where a significant drop in gold prices has been recorded across the country.
According to the All Pakistan Bullion Gems and Jewelers Association, the price of gold per tola has decreased by Rs 1,800, after which the new price has become Rs 4,35,636 per tola.
Similarly, the price of 10 grams of gold has also decreased, which has come down to Rs 3,73,487 after falling by Rs 1,543.
According to bullion experts, the decline in gold prices in the global market has also put pressure on prices in the local market. Gold fell $18 per ounce to $4,096 in the global market.
Experts say that the global economic situation, fluctuations in the value of the dollar, and investor trends will play an important role in determining gold prices in the coming days. The eyes of gold buyers and investors are now focused on the future direction of the global market.
Read also: Gold prices increase in Global market, check latest price here
