In a surprising move that left many investors stunned, there has been a significant reduction in gold prices, as indicated by the latest statistics released by the All Pakistan Sarafa Gems and Jewellers Associations. The price of 24karat gold per tola decreased by Rs 700, stabilizing at Rs 362,300. Similarly, the price of 10 grams of 24karat gold also fell by Rs 600, reaching Rs 310,613, reflecting broader market trends in precious metals.
The change in gold rates is linked to the global downturn, as international gold prices also fell by $18 to $3,414. During times of economic instability, the decrease in gold prices is forcing investors to reconsider the stability and security of traditional safehaven assets.
On the other hand, silver prices remained stable. According to national rates, the prices of 24karat silver per tola and 10 grams are consistently maintained at Rs 3,787 and Rs 3,246, respectively.