Best Time to Buy Gold and Silver? Prices Have Fallen
KARACHI (Daily Qudrat): A decline has been recorded in gold and silver prices in Pakistan, after which important news has emerged for buyers.
According to the All Pakistan Gems and Jewellers Association, the price of gold per tola in the country fell by Rs700 to Rs410,936.
Similarly, the price of 10 grams of gold decreased by Rs600, after which the new price became Rs352,311.
A decline in the price of gold was also seen in the international market, where gold per ounce became $7 cheaper to $3,884.
On the other hand, a significant decrease was also recorded in the price of silver in Pakistan. Silver per tola became cheaper by Rs124 to Rs5,343.
It may be noted that gold is traditionally considered a safe investment. During economic uncertainty, inflation and political instability, investors often prefer investing in gold.
It may be recalled that the method of determining gold prices in Pakistan had been changed, under which the price of gold in the local market is set at $20 per ounce higher than the international market rate.
