Gold Suffers Big Crash Again
Gold prices in Pakistan fell sharply on Friday, dropping by Rs. 5,100 per tola to Rs. 420,536 as the international … Read More The post Gold Suffers Big Crash Again appeared first on ProPakistani .
Gold prices in Pakistan plummeted significantly on Friday, plummeting by Rs. 5,100 per tola to reach Rs. 420,536, as the international rate dipped below the $4,000 threshold. The cost of 10 grams of 24-karat gold declined by Rs. 4,373 to Rs. 360,541, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Silver prices also saw a drop, falling by Rs. 238 to Rs. 5,530 per tola. Earlier in the week, crypto exchange Binance reported a loss exceeding $6 billion following a suspected hacking incident, with further information expected as the situation unfolds. On Friday, gold's decline followed a steady price at Rs. 425,636 per tola on Thursday.
The previous day, gold had risen by Rs. 3,500 per tola. This drop brings gold's value down by Rs. 21,500 from its October 10 record high of Rs. 442,036 per tola. The downward trend reflects the global trend as well, with the international gold price falling by $51 to $3,980 per ounce, dropping below the $4,000 mark it had sustained since Wednesday.
Written by urgent.news from ProPakistani's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
