The domestic gold market witnessed a slight dip on Friday as rates fell by Rs200 per tola, bringing the new price to Rs386,300, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price of 10 grams of gold declined by Rs172 and settled at Rs331,189.
On the international front, gold prices also eased, slipping by $2 to trade at $3,643 per ounce, with an additional $20 premium. Market analysts noted that the modest decline reflects global trends and investor caution ahead of key financial updates.
The gold rate remained uniform across major cities of Pakistan, with Karachi, Lahore, Islamabad, Peshawar, Quetta, Sialkot, Hyderabad, and Faisalabad all recording the same per tola price of Rs386,500.
Meanwhile, silver prices also registered a drop. The per tola silver rate decreased by Rs13, closing at Rs4,443. Traders believe the dip in precious metals could be temporary, with future fluctuations depending on international demand and currency movement.
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