Gold prices decline by Rs 6000 per tola

ISLAMABAD: In a notable shift reflecting global market trends, a gold prices decline has been witnessed in the local market.

Following a substantial gold prices decline in the international market, the cost of 24-carat gold has decreased by Rs 6,000, settling at Rs 217,000 per tola. Meanwhile, 22-carat gold is now priced at Rs 198,917.

Rupee gains marginally against the dollar

For those eyeing smaller quantities, the price of 10 grams of 24-karat gold stands at Rs 186,043, and 22-karat gold is priced at Rs 170,539.

Simultaneously, the world market has experienced a significant downturn, with gold plummeting to $2036 per ounce.

Gold as investment

This synchronized decrease in gold prices on both local and global fronts marks a pivotal moment for investors and consumers alike.

Is buying gold a good investment in Pakistan?

Like anywhere else, investing in gold in Pakistan depends on your circumstances and investment goals. Gold has been a popular investment choice globally, including in Pakistan, due to its historic role as a store of value. It can serve as a hedge against inflation and currency devaluation.