Gold prices in Pakistan saw a decline on Thursday, in line with international market trends. Over the past 9 hours, the price of gold per tola in the local market fell to Rs. 446,610, marking a decrease of Rs. 440 from the day’s start, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price for 10 grams of gold also dropped, reflecting the overall downward trend in the market.
Internationally, gold prices showed a similar pattern, with the global rate dropping to $4,188.20 per ounce, a decrease of $17.89 from the day’s opening figure. This decline comes as markets react to various economic indicators influencing the precious metal’s value.
Silver prices in Pakistan mirrored the gold market’s trend, decreasing by Rs. 1.44 to settle at Rs. 57.01 per tola. This adjustment aligns with the global market’s performance, where silver has also experienced fluctuations.
The current market conditions highlight a broader context where economic factors and investor sentiments are impacting precious metals. The global market’s response has been cautious, with traders closely monitoring economic data and geopolitical developments.
Despite the day’s decline, the market remains poised for potential shifts based on upcoming economic reports and global market movements. Stakeholders in the Pakistani market will be watching closely to see how these factors play out in the coming days, potentially influencing the local prices of gold and silver.
Overall, the fall in gold prices in Pakistan reflects the global sentiment, with investors adjusting their positions amid ongoing economic evaluations. As always, the APGJSA continues to provide timely updates to keep market participants informed of these critical changes.
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