KARACHI: The largest decline in gold prices in the country’s history has been recorded, bringing significant relief to buyers.
According to the All Pakistan Gems and Jewellers Association (APGJA), the price of gold per tola has dropped by Rs 35,500, after which the new rate stands at Rs 537,362 per tola.
Similarly, the price of 10 grams of gold has decreased by Rs 30,435, bringing it down to Rs 460,701.
In the international market, gold prices have also witnessed a sharp fall, declining by $355 to $5,150 per ounce.
It is noteworthy that during the previous two days, gold prices had surged by more than Rs 42,000, making the current decline the steepest single-day drop in Pakistan’s gold market history.
Earlier, gold prices in Pakistan recorded a historic rise for the second consecutive day, reaching an all-time high in the local market.
According to the All Pakistan Gems and Jewellers Association(APGJA), the price of gold per tola increased by Rs21,200, taking it to Rs572,862 across the country.
Similarly, the price of 10 grams of gold rose by Rs18,175 to reach Rs491,136.
Meanwhile, in the international bullion market, gold prices climbed by $212 to stand at $5,505 per ounce.
