Global Gold Prices Drop 2.3%, Pakistan Gold Rate Down Rs650/Tola
Global gold prices dropped to 2.3% and closed at $53.5 from the past week because of the easing situation in the Middle East between Iran and Israel. Even though it went down a bit, precious metals like gold and silver remained relatively stable after the U.S. inflation data was released. People are paying attention because there’s a significant Federal Reserve meeting scheduled for May 1. What they decide could impact future interest rates.
In Pakistan, gold prices also experienced a decline on Saturday and reached Rs 244,627 per tola of 24-karat gold, after the one-day decrease of Rs 650 in the local gold market. According to All Sindh Saraf Jewellers Association data, the price of 10 grams of 24-karat gold stood at Rs 209,732 experiencing a decline of Rs514 and the price of 1 gram of 24-karat stood at Rs 20,973 experiencing a decline of Rs 275. In the past week, gold prices in Pakistan had risen by Rs2,500 per tola and if you are excited to know about today’s gold prices in Pakistan you may visit here.
Internationally global gold prices drop 2.3% on Saturday and reached $2337 per ounce and $876 per tola, while silver rates remained unchanged on Saturday with the price of Rs 2843 per tola.
Miss Urooba Afreen
Meet Miss Urooba Afreen, a leading silver market expert and fellow team member of Goldrateinpak.pk. Offering astute analysis & guidance, we empower investors nationally and internationally through our well-researched information. Wishing you prosperous investments ahead!
