Karachi (HRNW)- A major decline was recorded in both global and local gold markets today after several days of fluctuations, bringing significant relief to buyers.
According to market data, the price of gold per ounce in the international bullion market fell sharply by $126.27, bringing it down to $4,200 per ounce.
Following the global trend, local bullion markets also witnessed a substantial decrease in gold prices. The price of 24-carat gold per tola dropped by Rs12,627, reaching Rs442,436 per tola.
Similarly, the price of 10 grams of gold declined by Rs11,364, settling at Rs378,170.
Silver prices also moved downward in the local market. The price of silver per tola decreased by Rs385 to Rs6,929, while the price of 10 grams of silver fell by Rs352 to Rs5,893.
It is worth noting that on June 6, gold prices had already declined by $124 per ounce in the international market and Rs12,489 per tola in local markets. Furthermore, on the first trading day of the week, gold became cheaper by $30.94 per ounce globally and Rs3,094 per tola locally, indicating a continuing downward trend in precious metal prices.
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