Gold prices in Pakistan experienced a slight fall on Tuesday after remaining stable for a day, with the rate per tola decreasing by Rs1,000, closing at Rs261,500, in line with a fall in the rates in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10 grams of 24-karat gold also witnessed a decrease of Rs857, taking it up to Rs224,194. On the other hand, the global gold market also saw a downward trend. The international price of gold fell to $2,498 per ounce after a $5 decrease during the trading day, as reported by the APGJSA. Meanwhile, silver prices in the local market remained stable, with no change from the previous rates, holding at Rs2,950 per tola. The fluctuating gold prices in the local market continue to be influenced by the ongoing dynamics of the international market, coupled with domestic factors, including currency exchange rates and demand within the country.

Credit: Independent News Pakistan