Gold prices in Pakistan saw a decline on Monday, reflecting trends in the international market. In the local market, the price of gold per tola fell to Rs. 443,950 after a decrease of Rs. 2,130 from the start of the day, according to rates from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price for 10 grams of gold also dropped, following the global trend.
In trading over the last 18 hours, gold prices opened at $4,201.40 per ounce globally but have since decreased to $4,194.92, marking a $6.48 drop. This decline reflects the volatility in international markets, as investors react to various economic indicators and geopolitical factors.
Silver prices in the local market also experienced a slight dip. The price decreased from Rs. 58.44 at the start of the day to Rs. 58.06 per tola. This mirrors the international silver market, where prices have shown similar fluctuations throughout the day.
Internationally, the gold market faced a range of pressures, including fluctuating demand and ongoing economic uncertainties. The global gold price recorded a high of $4,219.10 and a low of $4,176.00, indicating the market’s instability.
The decline in gold and silver prices in Pakistan aligns with global market trends. Traders and investors are advised to stay informed as market conditions continue to evolve. The APGJSA will keep monitoring these changes closely, providing updates as necessary.
As the day progresses, market participants will watch for further developments that might influence prices, including potential shifts in currency values and changes in international trade policies. For now, the market reflects a cautious approach, with prices adjusting to the latest global economic signals.
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