Islamabad, Mar 2, 2025: The price of 24-karat gold per tola witnessed a decline of Rs. 2,500, settling at Rs. 300,000 on Saturday, compared to its previous rate of Rs. 300,500, as per the All-Pakistan Sarafa Gems and Jewelers Association.
Earlier this week, gold prices stood at Rs. 309,500 on Monday (February 24) but have since recorded a cumulative drop of Rs. 9,500 per tola.
Similarly, the price of 10 grams of 24-karat gold experienced a decrease of Rs. 438, bringing it down to Rs. 257,201 from its previous value of Rs. 257,639.
Meanwhile, 22-karat gold per 10 grams fell by Rs. 393, settling at Rs. 235,776, compared to its earlier rate of Rs. 236,169.
In addition, the silver market also reflected mixed trends.
The per tola price of silver saw a reduction of Rs. 10, now standing at Rs. 3,240, whereas the rate for 10 grams of silver slightly increased by Rs. 9, reaching Rs. 2,777.
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International Market Trends
The decline in local gold prices aligns with a drop in the global gold market, where the price fell by $6, reaching $2,857 from $2,863.
Likewise, silver prices on the international market declined by $0.9, now priced at $31.05 per ounce.
The recent fluctuations in precious metal prices are attributed to economic uncertainties, currency movements, and shifts in global demand and supply.
Investors and traders are keeping a close watch on the market, anticipating potential changes in the coming days.
Stay updated with the latest gold and silver prices to make informed investment decisions.
