Gold cost registers slight diminishing in Pakistan
Source: File Photo

KARACHI - Gold Prices

KARACHI - Gold prices experienced a marginal decline in the domestic market on Saturday, following a recovery from previous losses. The fluctuating trend of gold rates continued as it recorded a slight dip, but overall, it managed to regain some of its earlier losses. Investors and traders closely monitored the gold market, considering various economic factors and global uncertainties that influenced the precious metal's value. Despite the recent dip, gold remains a significant asset for investors seeking stability and a hedge against inflation and market volatility. The ongoing economic developments and geopolitical events will likely continue to impact the gold cost in the days to come.

Gold Prices - (APSGJA)

According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the cost of 10 grams of 24-carat gold in the domestic market surged by Rs257, reaching Rs191,015. However, the price of per tola gold witnessed a slight decline, decreasing by Rs100 to Rs222,800. These fluctuations indicate the dynamic nature of the gold market, impacting both investors and consumers alike.

In the global market, the cost of the valuable item dropped by $4 to close at $1,962 per ounce.

The cost of per tola and 10-gram silver stayed steady at Rs2,650 and Rs2,271.94, separately.