Why is the gold price per tola dropping in Pakistan, and what’s causing this trend? I noticed that the gold price per tola in Pakistan has been declining recently. Can someone explain why this is happening and what factors are behind this trend?
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The gold price per tola in Pakistan saw a significant decline, dropping by Rs1,200 to settle at Rs242,300, reflecting the downward trend in the international market. This decrease also affected the 10-gram gold rate, which decreased to Rs207,733 after a decline of Rs943. International gold prices were reported at $2,349 per ounce with a $20 premium, marking a $10 decrease over the day. Silver rates, however, remained steady at Rs2,650 per tola. This decline follows a recent surge in gold prices, reaching an all-time high of Rs252,200 per tola last month. Market analysts attribute these fluctuations to the dynamics of the global economy and geopolitical developments, which continue to influence gold prices on both local and international fronts. With ongoing monitoring of these factors, the future trajectory of gold prices remains uncertain.