Karachi (Commerce Desk): A decline in gold prices and a significant increase in silver prices have been recorded in both international and local markets, indicating a new trend. The correction in global gold prices has also impacted local bullion markets.
In the international bullion market, after a gap of three days, the price of gold per ounce dropped by 15 dollars, bringing it down to 5,082 dollars per ounce. Following the global decline, prices in local bullion markets also fell, with the price of 24-carat gold per tola decreasing by 1,500 rupees to 530,562 rupees.
Similarly, the price of gold per 10 grams dropped by 1,286 rupees, bringing the new rate down to 454,871 rupees.
On the other hand, the upward trend in silver prices continued. In the global market, the price of silver per ounce increased by 2 dollars and 12 cents, reaching a high level of 111 dollars and 65 cents.
The global rise was also reflected in the local market, where the price of silver per tola increased by 212 rupees to 11,640 rupees, while the price per 10 grams rose by 182 rupees to reach a record high of 9,979 rupees.
