ISLAMABAD: Along with the global market, there has been a major decline in the prices of gold and silver in Pakistan as well.
The decline in the prices of gold and silver in the international market is also affecting the Pakistani market and their prices are continuing to decline in the country.
According to the Sarafa Association, gold per ounce in the global market fell by $68 to $4,480, which also affected the Pakistani market.
On Wednesday, the price of gold per tola in Pakistan decreased significantly by Rs6,800, after which one tola of gold has become Rs470,362. While 10 grams of gold has decreased by Rs5,830 to Rs433,259.
Similarly, the price of silver per tola decreased by Rs125, after which its price became Rs7,974.
Buying gold has traditionally been considered a safe investment, with its value increasing in times of inflation, political and economic instability. It has been used for centuries as a currency and form of wealth, and investors have often bought gold when they feel uncertain about other assets.
Pakistan changed the gold price fixing mechanism last year, setting the price of gold at $20 per ounce above the international market rate.
