KARACHI (Kashmir English): After a two-day rise in the silver and gold prices, a bearish trend has been seen once again, the impact of which has been clearly seen at both the global and local levels.
According to the All Sarafa Association, a decline in the prices of gold and silver is being seen in the global and local gold markets. At the local level, a decrease of Rs 1,200 has been recorded in the price of gold, after which 24-carat gold per tola has decreased to Rs 466,762.
Similarly, a significant decline has also been seen in the price of ten grams of gold. Ten grams of gold have become cheaper by Rs 1,028 to reach the level of Rs 4173. This decline in prices has come after a continuous increase, due to which a trend of change in business activities is being seen in the local gold market.
On the other hand, no change was recorded in the price of silver. According to the All Sarafa Association, the price of silver per tola remained at Rs 8,361, while the price of silver has been seen to be stable.
Talking about the global market, a decline in the price of gold has also been recorded there. Gold has become cheaper by $ 12 in the global market, after which the price of gold per ounce has become $ 4,444. The decline in the price of gold at the global level is also seen to have an impact on the local market.
According to experts, after the recent two-day boom in the prices of gold and silver, a bearish trend has now emerged, due to which both buyers and traders are adopting a cautious attitude. According to the data of the All Sarafa Association, gold prices continue to fluctuate in the current situation.
