Gold Rates Witness Decline in Pakistan Amid Global Market Shift
KARACHI: Following a downward trend in the international market, gold prices in Pakistan saw a notable decrease on Thursday.
According to the latest data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market dropped by Rs. 600, bringing the new rate to Rs. 466,162.
Local Market Breakdown
The dip was reflected across various weight categories:
- Gold per Tola: Rs. 466,162 (Down by Rs. 600)
- 10-Gram Gold: Rs. 399,658 (Down by Rs. 515)
- Silver per Tola: Rs. 8,125 (Down by Rs. 236)
This follows a previous decline on Wednesday, where the precious metal had already shed Rs. 1,200 per tola.
International Trends
The domestic price hike is largely attributed to the global market, where gold prices slipped by $6. The international rate currently stands at $4,438 per ounce (inclusive of a $20 premium).
Analysts suggest that local bullion rates continue to track global fluctuations closely, providing a slight relief to buyers after recent surges.
