On Saturday, the price of gold in Pakistan decreased tremendously, with the worth per tola (11.66 grams) down by Rs1,100 to reach Rs276,200 as per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). In addition, the price of 10 grams was reduced by Rs 943 to rest at Rs 236,797.
It follows severally with the prior claim of increasing by Rs2,100 yesterday, indicating high variation driven by international market trends. On the international front, gold dropped from $11 to $2,650 per ounce, including a $20 premium.
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Silver remained static at Rs3,400 per tola on both days in Pakistan.
The expert states that the future changing conditions of the global economy will continue to influence the prices of gold going forward.