Gold prices in Pakistan recorded a massive decline on Friday, mirroring the downward trend in the international market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold dropped by Rs3,600 per tola, taking it to Rs421,836.
Meanwhile, the price of 10 grams of gold decreased by Rs3,086 to Rs361,656.
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On Thursday, gold prices had climbed by Rs400 per tola, settling at Rs425,436.
In the global market, gold declined by $36 to reach $3,994 per ounce, including a premium of $20.
Meanwhile, silver prices also fell by Rs126 per tola to settle at Rs6,029.
Oil prices continue to rise on fears of supply disruptions in Gulf
Fears of escalating tensions in the Middle East pushed oil prices higher for a fourth straight day, with markets reacting to concerns that recent US strikes in Iran could threaten energy exports through the strategic Strait of Hormuz. Oil prices rose for a fourth consecutive day amid growing concerns that the latest US strikes in Iran could further disrupt energy shipments through the Strait of Hormuz. According to Reuters, Brent crude futures gained 0.4% to $85.28 per barrel, while US West Texas Intermediate (WTI) crude rose 0.5% to $80.02 per barrel. The report said oil prices have climbed this week following […]
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