Gold Prices Drop in Pakistan, Reversing Friday’s Gains

The price of gold in Pakistan saw its first decline in December after recording gains late last week. The Gold Rate in Pakistan decreased by Rs. 1,700 per tola, dropping to Rs. 274,500. Similarly, the rate for 10 grams fell by Rs. 1,457 to Rs. 235,340.

Last week, gold prices followed a mixed pattern. On Monday and Tuesday, they sharply fell by Rs. 4,100 and Rs. 4,300 per tola, respectively. However, the market rebounded on Wednesday with an increase of Rs. 1,600 per tola. Thursday saw another drop of Rs. 700 per tola, while Friday brought a recovery with a rise of Rs. 2,100 per tola before prices declined again today.

In the international market, gold prices also saw a decrease. The rate dropped by $10.5, moving from $2,646 to $2,635 per ounce.

The fluctuating Gold Rate in Pakistan reflects ongoing uncertainties in both domestic and global markets. Investors should stay vigilant and keep monitoring market trends to make informed decisions.