Gold and silver prices recorded a significant decline in both international and local markets, bringing relief to buyers.
In the global bullion market, gold dropped by $139 per ounce, falling to $5,272 per ounce. Following the international trend, local markets also witnessed a sharp decrease.
According to the Sindh Sarafa Bazar Jewellers Association, the price of gold per tola decreased by Rs13,900, bringing the new rate down to Rs549,962. Similarly, the price of 10 grams of gold fell to Rs471,503.
Silver prices also saw a decline, with per tola silver dropping to Rs8,904.
Market analysts say the fluctuation is linked to changes in international bullion markets and currency movements. Experts believe further ups and downs in precious metal prices are possible in the coming days.
Investors and buyers are closely monitoring trends as volatility continues in the global commodities market.
