Gold prices take a nosedive in global and local markets
Business
The price of gold dropped by $36 per ounce, bringing it down to $3,618 per ounce
KARACHI (Dunya News) – Gold prices took a sharp tumble both in the international and domestic markets on Thursday, giving some much-needed breathing space to buyers after weeks of soaring rates.
In the international bullion market, the price of gold dropped by $36 per ounce, bringing it down to $3,618 per ounce.
Following the global trend, local gold markets also felt the pinch. The price of 24-karat gold per tola slid by Rs4,100, settling at Rs384,000. Similarly, the price of 10 grams of gold fell by Rs. 3,515, reaching Rs329,218.
Gold prices hit record high as global market surges
Gold prices had been climbing steadily over the past several weeks, burning a hole in the pockets of consumers.
