Save Our Pak
Gold prices in Pakistan have once again fallen sharply, with the per-tola rate dropping below Rs 440,000.
According to details, both international and local gold markets saw a big decline in prices.
The All Pakistan Gems and Jewellers Association reported that the local market price of gold per tola went down by Rs 7,538, bringing it to Rs 437,362.
Similarly, the price of 10 grams of gold dropped by Rs 6,463, making it Rs 374,967.
The international market also witnessed a big fall, as gold prices went down by 85 USD per ounce, reaching 4,150 USD.
Just a day earlier, gold was stable at Rs 444,900 per tola in Pakistan.
Silver prices also went down — by Rs 151 per tola, now standing at Rs 5,110.
Gold has always been known as a safe investment during times of inflation and economic or political uncertainty. For centuries, people have trusted gold as a symbol of wealth and security. When investors feel unsure about other assets, they usually turn to gold.
Last year, Pakistan changed the way it sets gold prices. Now, the local rate is fixed at 20 USD per ounce higher than the international market rate.
Reported by Save Our Pak
