In a recent market development, the price of gold in Pakistan has seen a significant decline. According to local jewelers, the price per tola has dropped by Rs2,300, bringing it to Rs283,100 per tola. Additionally, the price for gold per 10 grams has decreased by Rs1,971, now standing at Rs242,713.
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This decrease in domestic gold prices aligns with a fall in the international bullion market, where gold prices dropped by $23 per ounce, resulting in a new global price of $2,734.
Market analysts suggest that these fluctuations are influenced by a mix of local economic factors and international trends. As gold prices continue to vary, both buyers and sellers are advised to closely monitor market conditions.
