Gold Loses Rs. 16,500 in Pakistan in 3 Days
Gold prices in Pakistan fell for a third straight day on Saturday, with 24-karat gold dropping by Rs. 700 to … Read More The post Gold Loses Rs. 16,500 in Pakistan in 3 Days appeared first on ProPakistani .
In Pakistan, the price of gold plummeted by Rs. 16,500 over the course of three days, with 24-karat gold reducing by Rs. 700 to Rs. 410,936 per tola, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The decline in gold prices continued for a third consecutive day, though it was less severe than the previous two days.
Saturday's drop was smaller in comparison to the previous days, but it extended the downward trend. On Thursday, gold fell by Rs. 10,900 per tola, and on Friday, it decreased by Rs. 4,900 per tola. Collectively, gold has lost Rs. 16,500 per tola in three days, falling from Rs. 427,436 on Wednesday.
The local decline in gold prices followed the global market, where gold fell by $7 to $3,884 per ounce. Silver also experienced a decline, falling by Rs. 124 to Rs. 5,343 per tola.
For buyers, this means that half a tola of 24-karat gold costs around Rs. 205,468, while one tola costs Rs. 410,936. Two tolas would cost approximately Rs. 821,872, which is about Rs. 33,000 less than on Wednesday. These rates pertain to pure 24-karat gold; however, jewellery buyers would also be required to pay additional making charges.
Written by urgent.news from ProPakistani's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.