Summary The price of gold fell by $55 per ounce, bringing it down to $4,572 per ounce.
KARACHI (Dunya News) - Gold prices in Pakistan declined for the second straight day, following a sharp drop in the international market.
In the global bullion market, the price of gold fell by $55 per ounce, bringing it down to $4,572 per ounce. The decline in international rates directly impacted local markets across Karachi and other cities.
As a result, in the domestic bullion market, the price of gold per tola decreased by Rs5,500, settling at Rs479,562. Similarly, the price of 10 grams of gold dropped by Rs4,715 to reach Rs411,147.
Silver prices also witnessed a downward trend. In the international market, silver fell by 45 cents to $72.82 per ounce. Consequently, in local markets, the price of silver per tola declined by Rs55 to Rs7,766, while 10 grams of silver dropped by Rs38 to Rs6,658.
Market analysts attribute the decline to fluctuations in the global bullion market, which continue to influence local pricing trends.
