Gold Prices Witness Sudden Decline In Both Int’l, Local Markets

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Gold prices witness sudden decline in both int’l, local markets

Price of gold per ounce dropped by $77, bringing new global rate to $2,593 in international bullion market

KARACHI: (UrduPoint/Pakistan Point News-Nov 12nd, 2024) Gold prices on Tuesday witnessed a sudden significant decline in both international and local markets.

In the international bullion market, the price of gold per ounce dropped by $77, bringing the new global rate to $2,593.

Similarly, in local jewelry markets on Tuesday, the price of 24-carat gold per tolafell by Rs. 7,000, reaching Rs. 270,500, while the price per 10 grams of gold decreased by Rs. 6,000, settling at Rs. 231,911.

Meanwhile, the price of silver per tola in the country dropped by Rs. 50, reaching Rs. 3,250, and the price per 10 grams of silver declined by Rs. 42.86, settling at Rs. 2,786.

Abdullah Hussain

Abdullah Hussain is a staff member who writes on politics, human rights, social issues and climate change.