Gold Prices Register Major Drop Again in Global and Local Markets After Single-Day Surge
KARACHI : Gold prices had a quick correction down in both international and domestic bullion markets after a one-day upturn.
The price of 24k gold per tola saw a significant drop of Rs3,100, reducing the current price of gold to Rs434,436, according to the All Pakistan Sarafa Gems and Jewellers Association. On the other hand, the price of 10 grams gold dropped by Rs2,658 to Rs372,458.
Some Points of the Market Fluctuations
Global markets have had a significant impact on local gold rates, with domestic gold rates also experiencing a decline.The domestic gold rates have been affected by the global movements, with the rates seeing a decline as a result.
Domestic Silver Price Movement: The silver rate per tola also went down by Rs100 to Rs6,488.
International Market Decline: In the global bullion market, the price of spot gold fell $31 per ounce to $4,119.