KARACHI – Gold prices witnessed big drop in Pakistan on Tuesday, as prices changed in local and global bullion markets.
On June 23, the price of gold per tola fell by Rs10,400 to Rs432,236. Similarly, the rate for 10 grams of gold declined by Rs9,360, bringing it down to Rs368,985.
| Unit | Old Price | Change | New Price |
|---|---|---|---|
| Gold (per tola) | Rs442,636 | – Rs10,400 | Rs432,236 |
| Gold (10 grams) | Rs378,345 | – Rs9,360 | Rs368,985 |
| International Gold (per ounce) | $4,202 | – $104 | $4,098 |
| Silver (per tola) | Rs7,151 | – Rs487 | Rs6,664 |
The decline in Pakistan’s bullion market was in line with trends in the international market. Global gold prices dropped by $104 per ounce, settling at $4,098 per ounce, including a premium of $20. Market observers attribute local price movements largely to fluctuations in international gold rates and currency dynamics.
Silver prices also witnessed a notable decrease. The price of silver per tola fell by Rs487, taking the rate to Rs6,664.
The sharp fall in both gold and silver prices highlights the volatility currently affecting precious metals markets, with domestic rates continuing to track developments in global trading.
News Desk
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