Gold prices in Pakistan showed a minor decline on Tuesday, reflecting mixed trends in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market slipped to Rs. 447,830, marking a slight decrease of Rs. 10 from the start of the day. Similarly, the price for 10 grams of gold experienced a minor drop, aligning with the broader market trend over the past six hours.
In trading over the last 6 hours, gold prices in the international market have been fluctuating. The latest data indicates a slight decline with gold trading at $4,224.52 per ounce, a decrease of $0.54 since the market opened today. The high volatility has been primarily driven by global economic uncertainties, which continue to influence investor sentiment and market dynamics.
Silver prices in the local market also mirrored this trend, with a decrease noted in recent trading. Silver per tola is now priced at Rs. 57.32, reflecting a modest decline in line with the gold market. This shift in silver prices comes amid a backdrop of fluctuating demand and supply dynamics in the global precious metals market.
Globally, the gold market has been experiencing a rollercoaster of trends, influenced by various economic indicators and geopolitical developments. While the local market saw a slight dip, international trends remain uncertain as investors weigh in on potential interest rate changes and economic policies from major economies.
As the day progresses, traders and investors will keep a keen eye on any developments that could impact prices further. The APGJSA continues to provide timely updates, ensuring market participants are informed of the latest price movements and trends in both local and international markets.
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