Gold Falls Rs2,700 Per Tola In Pakistan Following Global Bullion Decline.
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✧ GENERATE BRIEFING
Gold prices in Pakistan drop by Rs 2,700 per tola to Rs 457,536 following a weaker international bullion market trend down to $ 4,350 per ounce. Domestic gold prices in Pakistan registered a notable decline, tracking downward movements in international bullion markets. According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24 karat gold decreased by Rs 2,700 per tola to settle at Rs 457,536, down from the previous session's Rs 460,236.Similarly, the price of 10 grams of 24 karat gold dropped by Rs 2,315 to reach Rs 392,263. The domestic correction was directly driven by international bullion trends, where spot gold declined by $ 27 to close at $ 4,350 per ounce. Meanwhile, domestic silver prices held steady, remaining unchanged at Rs 7,100 per tola.
Gold prices in Pakistan declined by Rs2,700 per tola, tracking a fall in international bullion prices, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 24-karat gold fell to Rs457,536 per tola, compared with Rs460,236 in the previous session. The latest decline followed a weaker trend in the international gold market.
The price of 10 grams of 24-karat gold decreased by Rs2,315 to Rs392,263, according to the association’s rates.
In the international market, gold declined by $27 to $4,350 per ounce, contributing to the fall in domestic bullion prices.
The domestic gold market has remained volatile in September, with prices moving sharply in response to changes in international bullion prices and broader financial-market conditions. Business Recorder data shows several sizeable daily moves during the month.
Silver prices, meanwhile, remained unchanged at Rs7,100 per tola during the session.
The movement in local gold prices is closely linked to international bullion rates, while currency movements and domestic market premiums can also influence the final price quoted by local jewellers.
