Gold prices in Pakistan witnessed a decline on Friday after recording a sharp increase a day earlier, providing slight relief to buyers in the local bullion market.
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According to the All Pakistan Gems and Jewellers Association, the price of gold per tola decreased by Rs2,700, bringing the new rate to Rs494,062.
The price of 10 grams of gold also dropped by Rs2,315, settling at Rs423,578 in local markets.
The decline followed a downward trend in the international bullion market, where gold prices fell by $27 per ounce to reach $4,717.
In contrast, silver prices continued to rise in the domestic market. The price of silver per tola increased by Rs80, reaching Rs8,525.
Market analysts said fluctuations in gold prices were linked to changes in global market conditions, including currency movements, international demand, and shifting investor sentiment.
