Gold price decreases by Rs4700 per tola in Pakistan

Karachi (Web Desk): The effects of a decline in gold prices on the global market have now been felt in Pakistan as well. Just a day after an increase of Rs5700 per tola, gold prices have dropped once again.

In Pakistan, the price of gold has decreased by Rs4700 per tola, bringing the new price to Rs455,562 per tola.

Similarly, the price of 10 grams of gold has dropped by Rs4030, bringing it down to Rs390,570.

Globally, the price of gold has decreased by $47, lowering the price of one ounce of gold to $4332.

In addition, according to the All Pakistan Saraf and Jewelers Association, the price of silver has also decreased by Rs106 per tola, bringing its price to Rs7756.

The fluctuations in the prices of gold and silver are a result of global market conditions and the supply and demand dynamics in the local market.