Gold prices fall sharply by Rs10,800 per tola

Gold prices in Pakistan dropped by Rs10,800 per tola on Saturday, bringing the local rate to Rs409,736 per tola, according to the Daily Times. This decline followed a downward trend in the international bullion market and was accompanied by a decrease in silver prices. In Saudi Arabia, gold prices across all carats also declined on Saturday after a global drop of more than 3% at the end of the trading week, reported by Ajel English.

In Khon Kaen, gold prices fell by 1,550 baht on Saturday, leading to a surge of customers at local shops, according to Khaosod English. At the Uthen Gold Shop, gold jewellery was priced at 63,000 baht per baht-weight and gold bars were 62,200 baht per baht-weight. Shop owner Ekkalak Chanawirat attributed the global decline to weak economic conditions, the strengthening US dollar, oil prices, and the conflict in the Middle East.

Brief written by urgent.news from Daily Times, Ajel English, Khaosod English — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.