Gold prices in Pakistan saw a decline over the past 15 hours, reflecting a cautious trend in the international market. In the local market, the price of gold per tola decreased to Rs. 446,870, marking a drop of Rs. 970 from the day’s start, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price for 10 grams of gold also fell, reaching Rs. 382,800, down by approximately Rs. 830.
Internationally, gold prices experienced mixed movements. The global rate was reported at $4,219.21 per ounce, showing a decrease of $5.85 since the market opened. This fluctuation is attributed to shifting investor sentiments and economic indicators impacting gold’s appeal as a safe-haven asset.
Silver prices in the local market, however, showed resilience, rising by Rs. 0.55 per tola to settle at Rs. 58.11. This modest increase suggests a continued interest in silver amid the ongoing market dynamics.
The decline in gold prices aligns with the broader international trends where market volatility has been observed. Analysts suggest that ongoing geopolitical tensions and economic data releases continue to influence the precious metal’s pricing.
In trading over the last 15 hours, the gold market in Pakistan reflected a cautious approach by investors. The high for gold was recorded at $4,230.72, while the low touched $4,180.90, showcasing a significant intraday range.
As global markets remain uncertain, local investors are advised to stay informed about international trends and potential economic shifts that could further impact the pricing of precious metals. The APGJSA continues to provide daily updates to help guide buying and selling decisions in these turbulent times.
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