Gold prices in Pakistan have seen a significant decline, falling by Rs. 8,500 per tola in the last three days, as per the All Pakistan Sarafa Gems and Jewelers Association.
On Saturday, the 24-karat gold rate dropped further by Rs. 300 per tola, closing at Rs. 356,400, compared to Rs. 356,700 a day earlier.
Gold Prices for 10 Grams & Silver Also Down
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10 grams of 24-karat gold now costs Rs. 305,555, down by Rs. 257.
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10 grams of 22-karat gold has fallen by Rs. 235, now priced at Rs. 280,102.
Silver also witnessed a drop:
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Silver per tola fell by Rs. 60 to Rs. 3,963
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Silver per 10 grams decreased by Rs. 52 to Rs. 3,397
Global Bullion Market Influence
In the international market, gold prices declined by $3 per ounce, now at $3,337, while silver slipped by $0.60, trading at $38.14 per ounce.
Market analysts say the global bullion correction has directly impacted local gold prices, benefiting buyers in the short term.