In a continued downward trend, the gold rate in Pakistan fell for the fifth straight day, with 24-karat gold dropping by Rs. 1,595 per tola on Friday. The All Pakistan Sarafa Gems and Jewelers Association (APSGJA) informs that the gold bullion finished at Rs. 357,000 per tola, down from Rs. 358,595 in the previous trading session.
The week saw a consistent decline in gold prices, starting with a Rs. 700 per tola decrease on Monday, followed by a Rs. 1,000 fall on Tuesday. The decline gained pace with a sharp Rs. 2,245 decline on Wednesday, a Rs. 460 decline on Thursday, and today’s Rs. 1,595 decline, bringing the total decline for the week to Rs. 6,000 per tola.
Gold Rates for Different Weights & Karats
- 10 grams of 24K gold decreased by Rs. 1,368, settling at Rs. 306,069 (previously Rs. 307,437).
- 10 grams of 22K gold fell by Rs. 1,254, now trading at Rs. 280,573 (down from Rs. 281,827).
Silver Prices Drop Also
Silver prices also followed the trend, with per tola silver dropping to Rs. 3,796 from Rs. 24 and 10 grams of silver dropping to Rs. 3,254 from Rs. 21.
Global Gold & Silver Market Trends
Globally, gold prices declined as well, with world rates dropping by $16 an ounce to $3,356 (down from $3,372). Prices of silver also declined by $0.24, to close at $36.13 an ounce.
This five-day losing streak is an indication of changing market trends, and hence buyers and investors must keep themselves posted on Pakistan daily gold prices. For latest information on gold and silver prices, follow reliable financial sources.