Karachi: The international bullion market saw a decrease in gold prices, with the per-ounce rate dropping by $15 to reach $1,923. This dip in global prices has also had an impact on the local currency exchange markets, causing a reduction in the price of gold.
According to market reports, on Monday, the price of 24-carat gold per tola fell by Rs 1,900 to reach Rs 100,000. Similarly, the price of 10 grams of gold decreased from Rs 1,629 to Rs 171,553.
In contrast, silver prices remained stable without any significant changes. The price of silver per tola held steady at Rs 2,500, and per 10 grams, it remained at Rs 2,143.34.
This decline in gold prices comes as a response to fluctuating global market conditions. While the prices have seen a dip, the local market for precious metals, particularly silver, remains relatively stable.*