Gold Prices high all times in Pakistan Worldwide Decline little
Gold Price Fall Today:
- After reaching a record high of nearly Rs300,000 per tola, gold prices in Pakistan fell on Thursday.
Internationally, the price of gold per ounce fell by $9, now at $2859. - In Pakistan, the price of one tola of gold dropped by Rs900 to Rs298,700.
- The price of 10 grams of gold also fell by Rs772 to Rs256,087.
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Expert Prediction:
Even though prices fell today, experts believe that soon the price of one tola of gold in Pakistan could go over Rs300,000 for the first time.
Reason for the Fall:
The decrease is happening because of changing global market conditions that are affecting gold’s value everywhere.
Earlier Price Surge:
- Before today’s drop, gold prices in Pakistan had risen sharply.
- The price of one tola of gold had increased by Rs5,300, reaching a record high of Rs299,600.
- This record was reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), which gathers gold price data from many jewellery shops in Pakistan.
- In simple words, gold got very expensive in Pakistan earlier, setting a new record, but today the prices went down a little because of changes in the global market.
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