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KARACHI: Pakistan’s gold prices reversed their three-day upward trend on Monday, mirroring a decline in international market rates.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), domestic gold prices decreased by Rs 600 per tola to Rs 271,900 and by Rs 471 per 10 grams to Rs 233,110. This drop follows Saturday’s record high of Rs 272,500 per tola.
Globally, gold prices also dipped by $5 to $2,617 per ounce, including a $20 premium. In contrast, silver prices remained steady in Pakistan at Rs 2,950 per tola.
The decline in gold prices comes as a temporary relief to buyers in Pakistan’s gold market, following a notable increase.
The APGJSA reported the changes in gold prices, reflecting fluctuations in the international market. Pakistan’s gold market closely follows global trends, influencing prices for buyers and sellers alike.
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