Gold price declined by Rs 4,000 per tola in Pakistan on Friday.
As per details a tola of 24-karat gold has experienced a significant drop, plummeting by Rs4,000 to reach a new price of Rs2,12,500.
Similarly, the price of ten grams of 24 Karat gold has declined by Rs3,430, now valued at Rs1,82,184.
This sudden shift in pricing has left many market observers intrigued and businesses recalibrating their strategies.
Notably, the reverberations of this decrease in gold prices have also rippled through the pricing of 22-karat gold, a popular choice for jewellery crafting in Pakistan which is currently trading at Rs 1,67,002 per 10 grams.
On the other hand, the global gold market has witnessed an increase in the prices of the yellow metal. The international price per ounce raised by $2 to settle at $1,923 on Friday.
The price of silver did not change and traded at Rs2,650 per tola and Rs2271.94 per 10 grams in the Pakistani market.
Pertinent to mention here that the rates of gold were reduced by Rs5,800 per tola yesterday (Thursday), Rs10,500 per tola last Wednesday, Rs6,300 per tola last Tuesday, and Rs700 last Monday.
