Gold prices in Pakistan dropped once again today, continuing their recent downward trend as the local and international markets showed signs of correction.
Observer Guardian, data from the All Pakistan Gems and Jewellers Association revealed that the price of gold declined by 8,000 rupees per tola, bringing the new rate to 418,862 rupees across the country. Similarly, the price of 10 grams of gold fell by 857 rupees, settling at 359,106 rupees.
In the international market, gold prices also moved lower, decreasing by 10 dollars per ounce to reach 3,965 dollars.
Reported that the decline in gold prices is largely influenced by fluctuations in the global bullion market and a relatively stable Pakistani rupee. Experts believe that short-term corrections are expected as investors await new economic indicators and updates on global inflation trends.
