ISLAMABAD: The per tola price of 24 karats of gold witnessed another significant decrease of Rs4,000 on Tuesday to settle at Rs221,500 against Rs225,500 on the previous day.
The downward trend in the price of the precious metal continues for the last couple of days, particularly from the first week of this month.
According to All Sindh Sarafa Jewellers’ Association, the price of 10 grams of 24 karats of gold also went down by Rs3,430 to Rs189,900 from Rs193,330 while the price of 10 grams of 22 karats of gold recorded a decline to Rs.174,075 from Rs177,219,
The price of per tola and ten-gram silver recorded no change since Monday and were settled at Rs 2,650 and Rs 2,271.94 respectively.
Meanwhile, the price of yellow metal in the international market went down by US$2 to $1961 against its sale at $1963.
The last couple of days have experienced a total decline of more than Rs11,000 in the price of the yellow metal. It is worth noting that the local bullion market recorded a significant surge in the price of gold during April and May this year where its prices reached a historic high of Rs 240,000 per tola in the first quarter of May
According to bullion experts, the constant downfall in the price of the yellow plate would result in a positive sign in the local market. APP
