Gold prices in Pakistan saw a slight decline on Thursday, reflecting subdued trends in the international market over the past 15 hours. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market fell to Rs. 446,990, marking a decrease of Rs. 60 from the day start value of Rs. 447,050. Similarly, the price for 10 grams of gold mirrored this trend, showing a slight decline in the local trading session.
In the international market, gold prices also experienced a downturn. The global rate stood at $4,200.54 per ounce, down by $5.55 from the day’s opening value of $4,206.09. The fluctuation in global prices has been attributed to mixed economic signals and investor caution, impacting local market sentiments.
Silver prices in the local market followed the downward trend, dropping by Rs. 1.65 per tola to reach Rs. 56.80. This decline reflects adjustments in the international market, where silver has shown volatility amid shifting demand and supply dynamics.
In the broader context, global markets are witnessing varied pressures, including macroeconomic indicators and currency fluctuations, influencing precious metal prices. Analysts suggest that the current stability might be temporary, with potential for further movement as market conditions evolve.
The APGJSA continues to monitor these trends closely, providing updates to keep investors informed. As the day progresses, market participants are advised to stay alert for further developments that may impact gold and silver prices both locally and internationally.
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