Title: Gold prices drop for second consecutive day in local, global markets
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Gold prices in Pakistan fell for the second consecutive day on Friday, following a global downward trend amid ongoing regional tensions.
According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold declined by Rs1,800 per tola, bringing it down to Rs350,900.
Similarly, the rate for 10 grams of 24-karat gold also dropped by Rs1,543, settling at Rs300,840.
On the other hand, silver prices remained unchanged. The price of per tola silver stood at Rs3,417, while 10 grams of silver was priced at Rs2,929, according to the association.
In the global market, the precious yellow metal declined by $18 per ounce, reaching $3,325 due to easing investor demand and fluctuating regional sentiment.
According to Reuters, US gold futures were up 0.8% to $3,334.30.
Elsewhere, spot silver eased 0.2% to $32.44 an ounce, platinum rose 0.6% to $981.94 and palladium climbed 0.4% to $980.15.
Published Date: 09-May-2025
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