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Gold price in Pakistan fell by Rs300 per tola, bringing the new rate down to Rs349,700, according to All Pakistan Sarafa Gems and Jewelers Association.
A similar downward adjustment was seen for 10 grams of gold, which dropped by Rs257, now priced at Rs299,811.
This local decline mirrors a slight dip in the global gold market, where the price of gold fell by $3, now standing at $3,326 per ounce.
READ: Gold price in Pakistan climbed to Rs 350,000 per tola
Analysts suggest the global shift reflects market correction and profit-taking after recent highs.
In contrast, silver prices saw a modest gain, increasing by Rs16 per tola. The new price for silver in the local market stands at Rs3,417 per tola, while 10 grams of silver also rose accordingly.
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The fluctuation in gold and silver rates continues to reflect changes in international market sentiment, currency exchange rates, and local buying patterns ahead of the wedding season.
Gold dealers anticipate slight volatility in the coming days, urging customers to monitor market trends closely.
