Karachi, Pakistan – Web Desk: Gold prices witnessed a decline in both international and local markets on the first trading day of the week, reflecting easing trends in global bullion demand.
In the international bullion market, the price of gold dropped by $49 per ounce, bringing it down to $4,788, according to market data.
In the local market, the price of gold in Pakistan also fell by Rs 4,900 per tola, settling at Rs 501,162. Similarly, the price of 10 grams of gold decreased by Rs 4,201 to Rs 429,665.
Silver prices also recorded a decline. The price of silver per tola dropped by Rs 145 to Rs 8,417, while 10 grams of silver fell by Rs 124 to Rs 7,216.
Market analysts say fluctuations in global bullion prices continue to influence domestic rates, as investors closely monitor international economic indicators and currency movements.
Gold remains a key hedge asset for investors, and price volatility is expected to continue in response to global financial uncertainty.
