KARACHI: Global and local gold prices fell sharply today (for the third consecutive day).
The international bullion market recorded a sharp drop of $60 per ounce in gold prices, resulting in a new global price of $2355.
On the other hand, on the fourth and third consecutive day of the business week today (Thursday), the price of 24-carat gold per tola decreased by Rs. 6,200 to Rs. 242,000 and the price of gold per 10 grams decreased by Rs. 5,315 to Rs. 207,476. Came to the surface.
Bullion market representatives say that in view of the impact of purchasing power in the local bullion markets and the significant reduction in gold trading activities, the local price of gold has been undercast by Rs 4000 instead of the increase in the global price.
Meanwhile, the price of silver per tola in the country also decreased by 50 rupees to 2800 rupees and the price of silver per 10 grams decreased by 42.87 rupees to 2400.54 rupees.
