Karachi: Gold prices have once again declined in local markets, bringing relief to buyers while investors remain cautious.
According to recent reports, the price of gold per tola has decreased by 1,000 Pakistani Rupees, bringing the new rate to Rs357,100 .
Similarly, the price of 10 grams of gold has fallen by Rs858, now priced at 306,155 .
The trend of falling gold prices is also visible in the international market, where the price per ounce dropped by 10 US Dollars to 3,344 USD.
Experts attribute this decline to global economic uncertainties, fluctuations in the value of the US dollar, and reduced demand for gold worldwide. They predict that if this trend continues, further price fluctuations can be expected in the coming days.
Meanwhile, local buyers have welcomed the decrease in gold prices, while some traders consider it a temporary dip.
