Heavy Fall in Gold Prices in Pakistan.Gold prices in Pakistan saw a significant drop on Thursday, mirroring a similar drop in international markets. According to the data of All Pakistan Gems and Jewelers Association, the price of gold per tola decreased by Rs 6,200 to Rs 242,000. Additionally, 10 gram gold price in the local market settled at Rs 207,476, down by Rs 5,315.
The international market also saw a significant drop in gold prices, with the price falling by $62 per ounce to $2,355. This is the third session in a row in which gold prices have fallen, largely due to declining investor interest in the commodity.
Gold price per tola closed at Rs 248200 after a decrease of Rs 300 yesterday. Similarly, the price of 10 grams decreased by Rs 236 to end at Rs 212,791 in the local market.
The continuous fall in gold prices over the past three sessions highlights the trend of reduced demand among investors, affecting both the local and international markets. This significant decline is causing concern among gold traders and investors who monitor closely.
