Gold and Silver Prices Fall Further in Pakistan

Gold and silver prices continued to decline in both international and local markets, offering temporary relief to buyers.

In the local bullion market, the price of 24-karat gold per tola dropped by Rs. 21,400, bringing the new rate to around Rs. 507,762.

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10 Gram Gold Also Cheaper

The price of 10 grams of gold decreased by Rs. 18,347, with the new rate recorded at Rs. 435,324.

Global Market Impact

In the international market, gold fell by $214, bringing the price down to approximately $4,850 per ounce.

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Silver Prices Also Decline

Silver also saw a sharp drop. The price per tola decreased by Rs. 1,430, settling near Rs. 7,825.

What This Means

Price declines in precious metals usually occur due to:

• Changes in global demand

• Stronger dollar trends

• Short-term market corrections

Buyers often watch such dips for purchasing opportunities, while investors remain cautious due to ongoing volatility.

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