The All Pakistan Sarafa Gems and Jewelers Association reports that gold prices have decreased sharply, with a notable drop of PKR 3,400 today, resulting in a new price of PKR 533,762 per tola. Over the past four days, the cumulative decline has reached PKR 30,100. The international market has also experienced a decrease, with gold prices falling by $34 to $5,110 per ounce, contributing to the local price adjustments. This trend is attributed to the ongoing geopolitical tensions, particularly related to conflicts in Iran, which have affected global commodity markets.
BUSINESSLast Update 1 day ago
Gold Prices Drop Significantly in Pakistan Amid Global Changes
100% NEUTRAL
Gold prices in Pakistan have seen a significant decline, with a drop of PKR 3,400 today, bringing the price per tola to PKR 533,762. This follows a total decrease of PKR 30,100 over four days, influenced by the global economic situation and ongoing conflicts.
Detailed Analysis
SOURCES
3 outlets · 11 articles