Gold price decreases by Rs1,200 per tola in Pakistan

Karachi  (Web Desk): The price of gold has witnessed a significant drop of Rs. 1,200 across the country. According to the All Pakistan Gems and Jewelers Association, the price of one tola of gold has now decreased to Rs. 466,762.

The association further stated that the price of 10 grams of gold has also fallen by Rs. 1,028, now standing at Rs. 417,300, providing an opportunity for gold buyers in the market.

On the international front, the price of gold has also declined. Globally, gold has become $12 cheaper, with the price now at $4,444 per ounce, and this drop is reflected in the local market as well.

Experts believe that the reduction in gold prices is due to changes in the global financial situation, which are impacting the prices at the local level.