Business

Precious Metals Slip in Local and Global Markets

Gold and silver prices in Pakistan fell after reaching record highs earlier this month.

According to market data, the price of 24-carat gold dropped by Rs2,400 per tola, settling at Rs388,600. The price of 10 grams of gold also declined by Rs2,058 to Rs333,161.

Silver followed the same downward trend. Its price per tola fell by Rs109, closing at Rs4,387.

International trends played a major role in the local market’s movement. The price of gold in the global market dropped by $24 per ounce, standing at $3,668. Dealers said this global dip directly impacted local rates.

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