Gold prices drop massively in Pakistan
Gold prices in Pakistan saw a decline on Monday, falling by Rs900 per tola to reach Rs283,400. This decrease aligns with a drop in international gold rates.
The price for 10 grams of gold also fell, now listed at Rs242,970 after a decrease of Rs771, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Just a few days earlier, the gold price had risen by Rs2,000, closing at Rs284,300.
On the international market, gold was priced at $2,739 per ounce, down by $9 during the day, with an additional premium of $20.
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Silver prices remained stable at Rs3,350 per tola.
In recent weeks, gold prices had reached record highs, driven by geopolitical tensions in the Middle East and uncertainty surrounding the upcoming U.S. elections, which have increased demand for safe-haven assets.
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