The price of gold has dropped dramatically in Pakistan in a recent key market development.
Local jewelers claim that the price per tola decreased by Rs2,300, making it Rs283,100 per tola now.
In a similar vein, the price of 10 grams of gold has dropped by Rs1,971 to Rs242,713.
The international bullion market saw a $23 per ounce drop in gold prices, bringing the worldwide price down to $2,734 at the same time as the decline in domestic gold prices.
Both global market trends and regional economic issues are cited by market analysts as the causes of these swings. Both buyers and sellers are encouraged to closely monitor market circumstances as gold prices continue to fluctuate.
