Gold prices in Pakistan saw a sharp drop on Monday, mirroring losses in global bullion markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-carat gold dropped by Rs. 1,400 per tola, bringing it down to Rs. 444,900.
In the local market, the price of 10 grams of 24-carat gold decreased by Rs. 1,200, settling at Rs. 381,430. Meanwhile, 10 grams of 22-carat gold were sold at Rs. 349,656, down by Rs. 1,100 from the previous day.
On the international front, gold prices slipped by $17 to $4,235 per ounce, reflecting a continued downward trend amid strengthening global currencies and cautious investor sentiment.
Silver prices mirrored the trend, recording modest declines. The price of silver per tola fell by Rs. 12 to Rs. 5,261, while 10 grams of silver dropped by Rs. 10 to Rs. 4,510. In the global market, international silver prices fell by $0.26 to $51.60 per ounce.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan