Gold Loses Rs. 20,000
Gold prices in Pakistan fell 5th day in a row on Saturday, taking the total drop in the past five … Read More The post Gold Loses Rs. 20,000 appeared first on ProPakistani .
Pakistan's gold prices experienced a five-day decline, resulting in a total drop of Rs. 17,000 per tola, as per rates announced by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 24-karat gold decreased by Rs. 2,500 to Rs. 422,036 per tola, while 10 grams of 24-karat gold dropped by Rs. 2,144 to Rs.
361,827. Similarly, the price of 22-karat gold fell by Rs. 1,966 to Rs. 331,686 for 10 grams. The loss streak commenced on Tuesday, with a drop of Rs. 3,600 per tola, followed by additional declines of Rs. 900 on Wednesday and Rs. 3,000 on Thursday. The most significant decrease occurred on Friday, with the price per tola falling by Rs.
7,000 to Rs. 424,536. Saturday's decrease further added to the drop, bringing gold trading prices to Rs. 439,036 per tola, which is approximately Rs. 20,000 below its monthly high of Rs. 442,036, recorded on October 10. During the previous week, gold prices in the local market started closing below critical levels. Similarly, the international gold price fell by $25 to $3,995 per ounce.
Silver prices also experienced a decline, with silver per tola dropping by Rs. 7 to Rs. 5,858, and 10 grams of silver falling by Rs. 6 to Rs. 5,022. This latest slide has erased the gains gold made during the first half of October, when it briefly surpassed Rs. 442,000 per tola.
Written by urgent.news from ProPakistani's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
