Gold prices decreased in Pakistan and the international market as the economic indicators “improved” in the country.

The price of 10 grams of gold dropped by Rs1,286 while a tola (approximately 11.66 grams) has become Rs1,500 cheaper. As a result, the price of 10 grams of gold is set at Rs239,455 while the price for a tola has reached Rs279,300 Pakistani.

The international gold price has fallen by $15, bringing it down to $2,675 per ounce.

Gold prices are determined through a complex interplay of various factors in both local and international markets.

Key influences include supply and demand dynamics, geopolitical stability, currency fluctuations, and economic indicators such as inflation and interest rates.

The London Bullion Market Association sets the benchmark prices for gold twice daily, based on transactions and trading activity among major banks and financial institutions. Local markets may adjust these prices based on import duties, local demand, and currency exchange rates.