Gold Prices Drop in Global and Local Markets
Karachi:Gold prices declined on Thursday in both international and local markets, influenced by a downward trend in the global bullion market.
In the international bullion market, the price of gold fell by $6 per ounce, bringing the new global rate down to $4,438 per ounce.
Following the global trend, gold prices in Pakistan’s local bullion markets also recorded a decrease. The price of 24-karat gold per tola dropped by Rs600 to settle at Rs466,162, while the price of 10 grams of gold fell by Rs515 to Rs399,658.
Alongside gold, silver prices also witnessed a decline in the domestic market. The price of silver per tola decreased by Rs236 to Rs8,125, while the price of 10 grams of silver fell by Rs203 to Rs6,965.
Market analysts attributed the decline in local prices to fluctuations in the international bullion market.
