In a recent update, the All Sindh Sarafa Jewellers Association has reported a decline in the prices of gold and silver in Pakistan. The per tola price of 24-karat gold dropped by Rs 6,500 to Rs 230,800 on Friday, compared to its previous rate of Rs 237,300.
Similarly, the price of 10 grams of 24-karat gold decreased by Rs 5,573 to Rs 197,874 from Rs 203,447. The price of 10 grams of 22-karat gold also experienced a decrease, reaching Rs 181,384 from Rs 186,393.
Furthermore, the per tola price of silver witnessed a dip of Rs 300, closing at Rs 3,100. The price of 10 grams of silver also decreased by Rs 257.21 to Rs 2,400.54.
These changes in gold and silver prices can be attributed to various factors, including fluctuations in the international market, supply and demand dynamics, currency exchange rates, and market sentiment. Investors and individuals involved in the jewelry industry closely monitor these price movements to make informed decisions.
Internationally, the price of gold declined by $33, closing at $2,005 compared to the previous day’s rate of $2,038.
It is important to note that gold and silver prices can vary across different regions and markets. The All Sindh Sarafa Jewellers Association provides regular updates on these prices, ensuring that consumers and industry professionals stay informed about the latest trends in the precious metals market.
As with any investment or purchase, individuals are advised to gather accurate and up-to-date information before making any decisions regarding gold and silver transactions.
