When it comes to gold prices, even a slight drop can be as shocking as ever. As the prices of every single item in Pakistan are increasing, so the drop in gold prices is certainly a headline today.
With information from the All Jewelers and Gems Association in Pakistan, the prices of gold have dropped Rs1500 per tola. This is a piece of good news for the people who want to purchase gold. The market price has decreased to 2 lacs and 17 thousand per tola. According to data, the price of 10 grams of gold is 1 lac 86 thousand and 43 rupees with a reduction of 1250 rupees in this trading week.
The price of gold in the international market has dropped $31 per ounce to reach $2,003.
Overall Drop in Gold Price:
Let’s have a view of the entire trading week. Here, we can compare the drastic decline in gold prices throughout the week.
On the first day, that was Monday 19th June, the reduction was Rs1000. On Tuesday, it was Rs200. On Wednesday, it was Rs1800 and on the fourth day, it was Rs200. This is an Rs4700 decline per tola in the entire trading week, from 19th June to 22nd June 2023.
This is a clue against inflation, as this metal is a stabiliser in a country’s economy. This is all due to its importance in the world and gold being one of the most expensive ornamental metals in the world.