Gold prices in Pakistan eased slightly after reaching a record high of Rs. 272,500 per tola on September 21. Gold Price Falls Slightly But Remains Above Rs 270000 Per Tola, with the price of 24-carat gold now standing at Rs. 271,900 per tola. This represents a Rs. 600 reduction. Additionally, the price for 10 grams of gold saw a decrease of Rs. 471, bringing it down to Rs. 233,110.
Silver prices, on the other hand, remained unchanged. Per tola silver stayed steady at Rs. 2,950, while the price of 10 grams held firm at Rs. 2,529.14. Globally, the price of gold also dropped. The international market saw a $5 decrease, with gold slipping from $2,622 to $2,617.
This slight dip in gold prices may bring some relief to investors and consumers. However, the overall trend indicates that gold has risen significantly this year. At the end of 2023, the price of gold stood at Rs. 220,000 per tola. Since then, it has climbed by over Rs. 50,000 in less than 10 months.
Despite the recent decline, many analysts expect prices to remain volatile in the coming months. Various factors, including global economic uncertainty and inflation, continue to influence the market. As a result, buyers and investors should stay informed and cautious when making decisions regarding gold. The market’s future direction remains uncertain, but for now, gold continues to be a valuable asset in Pakistan. Stay tuned for more information.
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