Summary
- Gold prices declined significantly in both the international and domestic markets, bringing the global gold rate below the $4,000-per-ounce mark and lowering prices across Pakistan.
- According to the All Pakistan Gems and Jewellers Association, the international price of gold dropped by $36, bringing the rate down to $3,994 per ounce.
- The latest decline reflects movements in the international bullion market, which continue to influence gold prices in Pakistan.
Gold prices declined significantly in both the international and domestic markets, bringing the global gold rate below the $4,000-per-ounce mark and lowering prices across Pakistan.
According to the All Pakistan Gems and Jewellers Association, the international price of gold dropped by $36, bringing the rate down to $3,994 per ounce.
Following the decline in global prices, the domestic gold market also witnessed a sharp decrease. The price of 24-karat gold per tola fell by Rs3,600, reaching Rs421,836.
The association also reported that the price of 10 grams of gold dropped by Rs3,086, bringing it down to Rs361,656.
The latest decline reflects movements in the international bullion market, which continue to influence gold prices in Pakistan.
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