Gold prices in Pakistan saw a further dip on Wednesday, with a massive decline of Rs3,000, as global markets experienced a dip in precious metal rates.
In the local market, the price of 24-karat gold fell by a massive Rs3,000 per tola, bringing it to Rs271,700, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Similarly, the price of 10-gram 24-karat gold dropped by Rs2,572, now standing at Rs232,939.
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Globally also, gold prices faced a decline, with rates falling by $30 during the day. According to the APGJSA, the international gold price stood at $2,617 per ounce.
Despite the drop in gold prices, the silver market remained stable, with the price of silver holding at Rs3,050 per tola.
Last month, gold prices in Pakistan had surged to a record high of Rs277,000 per tola, as the precious metal saw significant gains due to international market fluctuations.
