Gold prices in Pakistan fell on Saturday, mirroring a decline in international markets. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs1,000 to settle at Rs431,236. Similarly, the price of 10-gram gold decreased by Rs730 to reach Rs369,715.
Recent Trends and International Rates
On June 23, gold per tola had declined by Rs10,400 to Rs432,236. The international rate of gold fell by $10 to $4,088 per ounce, with a premium of $20 included. Meanwhile, silver prices also saw a reduction of Rs271 per tola, now trading at Rs6,393.
Market Impact
The decline in gold prices aligns with global trends, as investors react to economic indicators and geopolitical developments. The APGJSA rates are closely watched by traders and investors in Pakistan, where gold is a popular investment and savings vehicle.
