Gold prices hit reverse gear after reaching record high
Business
Gold prices dropped globally and locally after hitting all-time highs. In Pakistan, 24k gold per tola fell by Rs3,700 to Rs482,462, while silver dropped by Rs150 per tola to Rs9,425.
KARACHI (Dunya News) – Gold prices recorded a decline on Thursday after it saw massive increase in previous sessions to hit all-time highs.
In the international bullion market, the price of gold per ounce dropped by $37, reaching $4,601.
This decline, following a three-day break, has also impacted local markets. The price of 24-karat gold per tola in Pakistan saw a decrease of Rs3,700, bringing it down to Rs482,462.
Similarly, the price of 10 grams of gold also fell by Rs3,172, reaching Rs413,633.
In addition to gold, the price of silver also experienced a significant reduction.
The price of silver per tola dropped by Rs150, settling at Rs9,425, while the price for 10 grams of silver saw a decrease of Rs129, now standing at Rs8,080.
