Gold prices in Pakistan experienced a modest decline over the last 12 hours, reflecting subtle shifts 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 decreased to Rs. 446,960, marking a reduction of Rs. 90 from the beginning of the day. Similarly, the price for 10 grams of gold saw a slight dip, aligning with the downward trend observed in international markets.
Internationally, gold prices have shown a similar pattern of fluctuation. The latest data indicates that the global gold rate is hovering around $4,199.11 per ounce, down by $6.98 from the day start figure of $4,206.09. This decrease has been attributed to mixed signals from major economies and investor caution in response to ongoing global financial developments.
In the local market, the silver price also saw a decrease. The price per tola of silver dropped to Rs. 57.62, reflecting a trend consistent with the minor decline in gold prices. This slight reduction in silver prices further highlights the cautious sentiment prevailing among traders and investors.
The global context continues to be influenced by a variety of factors, including economic policies from leading economies and market reactions to geopolitical events. These elements have contributed to the observed volatility in precious metal markets, with gold and silver being impacted by investors’ shifting risk appetites.
Overall, the gold market in Pakistan is mirroring these global trends, experiencing slight downward adjustments in response to broader international market conditions. Investors and traders remain vigilant, anticipating further developments that could impact future pricing trends in both local and international markets. As always, the APGJSA continues to provide timely updates to help market participants navigate this dynamic environment.
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