In the domestic bullion market, the decline persisted alongside a drop in global prices.
The price of 24-karat gold in Pakistan saw a further decrease, now standing at Rs213,700 per tola, marking a Rs1,600 reduction.
The Karachi Sarafa Association provided details indicating that the rate for 10 grammes of 24-karat gold is now Rs183,213, reflecting a decrease of Rs1,372.
Additionally, the price for 10 grammes of 22-karat gold is Rs167,945, compared to yesterday’s rate of Rs169,203.
Conversely, silver maintained its stability in the domestic market, with 24-karat silver being traded at Rs2,600 per tola and Rs2,229.08 per 10 grammes.
On the global front, the international spot gold price hovered around $2,011.77 [02:50 pm PST], experiencing a weekly decline of $37.3 or 1.82 per cent.
This downward movement in commodity prices was attributed to central bankers vehemently opposing market expectations for interest rate cuts, resulting in a widespread selloff across global stocks and bonds.
