Gold prices fall by Rs4,900 per tola in Pakistan
ISLAMABAD – Gold prices in Pakistan have seen a notable decline, with one tola falling by Rs4,900 to reach Rs501,162.
Similarly, the price of 10 grams of gold dropped by Rs4,201, bringing the new rate to Rs429,665.
The decrease comes after international gold rates fell by $49 per ounce, settling at $4,788. Experts attribute the drop in domestic gold prices to fluctuations in global markets and changes in the exchange rate of the rupee against the dollar.
Silver prices also decreased, with one tola now trading at Rs8,417 after a reduction of Rs145.
Analysts believe these shifts reflect a combination of global market trends and local currency valuation impacts on commodity prices.
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