Gold price decreases by Rs300 per tola in Pakistan

Karachi (Web Desk): The price of gold has decreased by 300 rupees per tola across the country, bringing the price of one tola of gold to 356,400 rupees.

According to the All Pakistan Sarafa Jewellers Association, the decline in gold prices is being attributed to the global market trends. The price of 10 grams of gold has decreased by 457 rupees, making it 305,555 rupees for 10 grams.

Traders in the gold markets say that gold prices fluctuate daily based on global demand and supply. However, this reduction in prices is seen as a relief for consumers in Pakistan.

Experts believe that changes in the global economy and falling global gold prices are impacting the domestic market rates.