The price of gold in Pakistan continued to decrease for the second consecutive session on Tuesday.
The All-Pakistan Gems and Jewellers Sarafa Association reported that the price of 24-karat gold per tola fell by Rs100, bringing it to Rs245,000.
The price of 10-gram 24-karat gold also experienced a downward trend, falling by Rs86 to reach Rs210,048. This follows a previous increase on Monday, when the per tola price rose by Rs1,113.
The price of 10 grammes of 22-karat gold on Monday remained Rs192,544.
Also Read: After days of increase, gold prices in Pakistan see big drop
The international gold market also showed a downward trend on Tuesday. According to APGJSA, the global rate stood at $2,362 per ounce, marking a $14 decrease during the trading day.
Silver prices in the local market, however, remained stable at Rs2,900 per tola.
Market analysts attribute the rise in gold prices to various factors, including fluctuations in the international market, currency exchange rates, and economic conditions. The continued increase in gold prices may influence investment decisions and consumer behaviour in the coming days.
