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Saturday, December 07, 2024  
05 Jumada Al-Akhirah 1446  

Gold prices further decline in Pakistan amid political unrest

Latest gold rates for November 27
Reuters/File
Reuters/File

The price of gold dropped significantly, with a decrease of Rs4,100, bringing the price of one tola to Rs274,300 as the Pakistan Tehreek-e-Insaf protesters reach Islamabad for former prime minister Imran Khan’s release.

The price for 10 grams of gold also fell by Rs3,515, standing at Rs235,168.

In the international market, gold prices have decreased by $41, with the price per ounce now at $2,631.

But the political unrest negatively impacted the Pakistan Stock Exchange market.

Shares at the PSX’s benchmark index faced a significant downturn on Tuesday, dropping over 3,500 points after an initial surge earlier in the day. Analysts pointed to ongoing political instability as a key factor behind the market’s volatility.

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