Gold prices in Pakistan continued to decline on Monday, reflecting the decrease in international rates. In the local market, the price of gold per tola dropped by Rs1,100, bringing it down to Rs260,400, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Similarly, the price of 10-gram gold fell by Rs943, settling at Rs223,251. This decline follows a significant drop on Saturday, when gold prices fell by Rs2,000, ending at Rs261,500 per tola.
On the international front, the price of gold also experienced a reduction. The APGJSA reported that the international rate was $2,490 per ounce (with a premium of $20), marking a $7 decrease during the day.
Despite the fluctuations in gold prices, silver remained stable, with its price holding steady at Rs2,850 per tola.
It is noteworthy that just last month, gold prices in Pakistan had reached a record high of Rs263,700 per tola.
