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Gold Rates in Pakistan on Monday August 11, fall by Rs 3,600 per tola, according to the All Pakistan Sarafa Gems and Jewellers Association.
The All Pakistan Sarafa Gems and Jewellers Association (APGJSA) stated that this price fall follows global trends, where the 24-karat gold rate has also decreased and settling at Rs 358,800.
In the local market, the price for 10 grams of 24-karat gold decreased by Rs 3,086, settling at Rs 307,613.
Internationally, gold is priced at $3,361 per ounce, showing a fall of $36 during the same period, according to data from APGJSA.
Meanwhile, silver prices decreased by Rs 51 settling at Rs 4013 per tola. Similarly, the price of 10 grams of silver fall by Rs 44 and is now selling at Rs 3,440.
Last week, Gold prices in Pakistan experienced sharp ups and downs this week, reflecting global market shifts and local currency movements.
On Monday, August 4, the gold rate surged by Rs500 per tola, starting the week on a positive note for investors.
However, the momentum quickly reversed on Tuesday, August 5, when prices dropped sharply by Rs 1,500 per tola.
The downward trend did not last long. On Wednesday, August 6, gold prices rebounded, rising by Rs1,300 per tola as global prices gained strength.
The rally continued on Thursday, August 7, with a significant jump of Rs2,900 per tola, the biggest single-day increase of the week, driven by international gold demand and uncertainty in currency markets.
The week closed on Friday, August 8, with another Rs500 per tola increase, pushing gold rates higher and showing strong investor interest ahead of the weekend. However, on Saturday, August 9, prices fell by Rs300 per tola.
