Gold Prices Decline in Pakistan

On Wednesday, gold rates in Pakistan experienced a downturn, mirroring the trends observed in the global market. The price of gold per tola in the local market settled at Rs359,055, reflecting a decrease of Rs2,245 throughout the day’s trading.

Details of Price Adjustments

According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold decreased by Rs1,925, bringing the selling price to Rs307,831.

Previous Day’s Fluctuations

On the preceding day, Tuesday, the price of gold per tola had reached Rs361,300, marking a reduction of Rs1,000 during that trading session.

International Market Trends

The international gold rate also saw a reduction on Wednesday, with the rate recorded at $3,378 per ounce (inclusive of a $20 premium). This signifies a decrease of $20, as reported by APGJSA.

Silver Prices Rise

Contrasting the trend in gold prices, the price of silver per tola saw an increase of Rs22, reaching a new price point of Rs3,878.