Gold Prices edged lower in Pakistan on Tuesday after a slight decline in the international market, according to the All Pakistan Sarafa Gems and Jewellers Association.
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Gold Prices Decline in Local Market
The price of 24-karat gold fell by Rs500 per tola, bringing the new rate to Rs427,936.
Similarly, the price of 10 grams of 24-karat gold dropped by Rs428 to Rs366,886.
International Market Influences Prices
In the international market, gold prices declined by $5 per ounce to $4,055 per ounce.
As a result, domestic gold prices also moved lower in line with the global trend.
Silver Prices Move Higher
Unlike gold, silver prices increased in the local market.
The price of 24-karat silver rose by Rs60 per tola, taking the new rate to Rs6,351 per tola.
The latest price movement reflects the continued impact of international commodity trends on Pakistan’s precious metals market.
