KARACHI: Gold prices continued to register a mammoth decline on Thursday reflecting global market downturn where bullion value plunged under $3,200 per ounce, traders said.
Local gold rates slumped by Rs6,700 per tola and Rs5,745 per 10 grams due to a big recession in world bullion value by $67, shrinking to $3,168 per ounce.
As a result, gold prices reduced to Rs335,200 per tola and Rs287,379 per 10 grams, All Pakistan Sarafa Gems and Jewellers Association said.
Domestic silver prices also recorded a huge fall by Rs105 and Rs90, settling for Rs3,377 per tola and Rs2,895 per 10 grams, respectively while global market was selling at $32 per ounce, the association added.
It is important to highlight that the open market may trade gold and silver at different prices as compared to those fixed by the association.
Copyright Business Recorder, 2025
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