ISLAMABAD (Kashmir English): Gold prices in Pakistan experienced their second drop within a four-day period after the market showed temporary recovery on Thursday.
The global bullion market experienced a $2 per ounce decrease in gold prices, which resulted in a current rate of $4,614 per ounce.
The downward trend is also reflected in the local market, where the price of gold per tola fell by Rs. 200, settling at Rs. 483,762.
The price of 10 grams of gold decreased by Rs. 172, which brought the total price down to Rs. 414,747. Gold had a price of Rs. 483,962 per tola on Thursday, which was higher than its Wednesday price of Rs. 479,562 per tola. Silver prices moved upward by Rs. 193, which brought the total price to Rs. 8,014.
Earlier, Gold prices in the domestic bullion market experienced a decrease, which showed an active market situation that combined international price changes with domestic buying patterns.
According to the latest market data, the price of gold per tola fell by Rs200, bringing it down to Rs483,762. The price of 10 grams of gold decreased by Rs172, which brought the new price to Rs414,747.
Market analysts explain this price decline through two main factors, which include international price changes and local market supply-demand shifts. The combination of global economic indicators and domestic purchasing patterns has resulted in price reductions for investors.
