Gold price drops today in the local market as both gold and silver show a decline. According to the All Sarafa Association, the price of 24-carat gold per tola fell by 600 rupees to reach 466,162 rupees. Similarly, ten grams of gold decreased by 515 rupees to 399,658 rupees.
The silver market also saw a fall. Silver per tola dropped by 236 rupees and is now priced at 8,125 rupees. Traders reported that the declining trend continued for the second consecutive day.
On the international level, gold price drops today as well. The global price of gold per ounce fell by 6 dollars and is now at 4,438 dollars. Experts say the global market trend influenced the local market decline.
Investors and buyers are advised to monitor the gold price drops today. Jewelry makers and traders are also adjusting their rates according to the current market trend. Analysts believe this decline may continue for a few days if international rates stay low.
The drop in gold price today has created an opportunity for new investors. Many buyers are considering buying gold at lower rates. Similarly, silver buyers are taking advantage of the 236-rupee decrease per tola.
In short, gold price drops today have impacted both local and global markets. For anyone planning to invest or purchase gold, this is a notable moment. Traders are keeping a close eye on international prices to decide future rates in Pakistan.
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