Karachi: During today’s trading session, a decline was recorded in the prices of gold and silver both in international markets and in Pakistan.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold in Pakistan dropped by Rs9,000 per tola to Rs514,762, while the price of 10 grams of gold decreased by Rs7,716 to Rs441,325.
Similarly, in the international market, gold per ounce fell by $90 to $4,920.
The association further stated that the price of silver in Pakistan declined by Rs150 per tola, bringing it down to Rs8,014.
Experts say that due to the global economic situation and growing investor interest in gold, price fluctuations are likely to continue.
It is worth noting that gold is traditionally considered a safe investment. Its value tends to rise during periods of inflation and political or economic instability. For centuries, it has been used as a form of currency and wealth. When investors feel uncertain about other assets, they often turn to gold.
Last year, the method for determining gold prices in Pakistan was revised, under which local gold prices are set at $20 per ounce above the international market rate.
