Gold Prices Decline in Local and Global Markets

Farhan Abro December 13, 2024

0 Less than a minute

The price of gold in the local Sarafa (bullion) market has dropped by Rs. 5,000 per tola, bringing it down to Rs. 277,800.

Gold Prices Decline in Local and Global Markets

Similarly, the price of 10 grams of gold decreased by Rs. 4,286, now standing at Rs. 238,169. This decline is also reflected in the global market, where gold prices fell by $50 per ounce, settling at $2,666 per ounce.

In addition to gold, the price of silver has also seen a significant reduction.

The price of one tola of silver has decreased by Rs. 500, now priced at Rs. 3,400. This trend highlights a broader decline in precious metal prices in both domestic and international markets.

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Farhan Abro

Hello! My name is Farhan Abro, and I'm based here in Islamabad. My journey in Pakistan's digital media really kicked off when I founded INCPak back in 2012. We built it from the ground up, driven by an entrepreneurial spirit, to be a trusted voice for independent journalism. But while media is a big part of who I am, I'm also shaped by a fascinating mix of other passions. I'm deeply into automotive, which gives me a technical edge, but I also find my artistic expression through landscape photography and music. And I'm always diving into the exciting world of Artificial Intelligence. Bringing all these different worlds together the technical, the creative, the journalistic, and the entrepreneurial—it really colors how I see things and approach every project. It gives me a distinct perspective that I try to bring to everything I share