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Gold Rates in Pakistan falls by Rs 100 per tola on Monday, July 28, according to the All Pakistan Sarafa Gems and Jewellers Association.
The All Pakistan Sarafa Gems and Jewellers Association (APGJSA) stated that this price drop follows global trends, where the 24-karat gold rate has also surged and settling at Rs356,300.
In the local market, the price for 10 grams of 24-karat gold decreased by Rs 85, settling at Rs 305,470.
Internationally, gold is priced at $3,336 per ounce, showing a fall of $1 during the same period, according to data from APGJSA.
Meanwhile, silver prices remained same by Rs 3,963 per tola. Similarly, the price of 10 grams of silver is now selling at Rs 3,397.
Last week, Gold prices in Pakistan experienced notable fluctuations, closely following international market trends.
On Monday, July 21, gold rates surged by Rs 3,600 per tola, reaching Rs 361,200, while the price for 10 grams rose by Rs 3,087 to Rs 309,671.
This increase mirrored a global jump of $36, taking the international price to $3,387 per ounce.
Tuesday, July 22, saw no change in gold prices, with rates remaining stable both locally and internationally. Silver, however, increased by Rs 23 per tola.
On Wednesday, July 23, gold prices rose again, gaining Rs 3,700 per tola, reaching Rs 364,900. The international price also increased by $37, settling at $3,424 per ounce. Silver followed the same trend, with a Rs 46 rise per tola.
However, on Thursday, July 24, gold prices dropped sharply by Rs 5,900 per tola, falling to Rs 359,000, while the international rate declined by $61 to $3,363 per ounce.
The downward trend continued on Friday, July 25, with another decrease of Rs 2,300 per tola, bringing the rate down to Rs 356,700. The international price also fell further to $3,340. Silver prices dropped as well.
