Gold prices decline by Rs 1800 per tola

KARACHI: Gold prices witnessed a notable decline in Pakistan, plummeting by Rs 1800 per tola after a week of consecutive increases.

The price of gold per tola now stands at Rs 228,300, marking a significant shift in the market.

This downward trend also affected the price of 10 grams of gold, which saw a decrease of Rs 1544, bringing its value to Rs 195,730.

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The decrease comes after a period of steady escalation in gold prices, providing relief to consumers and investors alike.

Market analysts attribute this decline to various factors, including fluctuations in international gold markets and changes in demand and supply dynamics. The drop in gold prices is expected to have ripple effects across various sectors, including jewelry, investment, and currency exchange markets.