Pakistan's bullion market weakens on Tuesday as domestic gold rates track a decline in international prices. The drop takes the local price to Rs430,836 per tola, while silver rates stay unchanged in the same session.
Highlights
- Gold prices in Pakistan fall by Rs1,500 per tola to Rs430,836 and by Rs1,286 per 10 grams to Rs369,372, tracking global declines.
- International gold prices decrease by $15 to $4,083 per ounce, influencing a negative trend in Pakistan's bullion market on Tuesday.
- Silver prices in Pakistan remain unchanged at Rs5,723 per tola, contrasting with volatility in the gold segment.
Domestic rates follow international decline
As reported by Brecorder, citing the All-Pakistan Gems and Jewellers Sarafa Association, gold prices in Pakistan decrease in line with losses in the international market on Tuesday.In the local market, the price of gold per tola reaches Rs430,836 after shedding Rs1,500 during the day. The price of 10 grams of gold falls by Rs1,286 to Rs369,372.
Impact on Pakistan bullion trade
In the international market, gold declines by $15 to $4,083 per ounce, setting the direction for domestic pricing in Pakistan's bullion trade.Silver prices remain unchanged at Rs5,723 per tola, indicating stability in that segment even as gold rates move lower.
As noted in our earlier article, Pakistan fuel pricing showed petrol rising and diesel easing as global oil moves shaped local costs.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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