Gold Prices Plummet in Pakistan Amid Rate Cut Speculations!

BTC TO PKR: Today’s Bitcoin price in Pakistan on 08 June, 2024Gold prices in Pakistan dropped significantly amid speculation about a potential rate cut.Advertisement

On Saturday, the price of gold in Pakistan took a substantial hit, plummeting by Rs 3,600 per tola and Rs 3,086 per 10 grams. This brought the rates down to Rs239,400 per tola and Rs205,247 per 10 grams, respectively, according to data released by the All Pakistan Sarafa Gems and Jewellers Association.

It was noted by the association that the current gold prices in Pakistan are Rs4,000 per tola lower than international rates, showcasing a relatively cheaper market for gold within the country. Internationally, gold prices also experienced a downturn, dropping by $70 per ounce to settle at $2,292. However, it’s worth noting that just a few days prior, bulk prices in the international market had reached a record high of $2,431.29 on April 12.In parallel, silver prices in Pakistan also observed a decrease, settling at Rs 2,750 per tola and Rs 2,357.68 per 10 grams after a decline of Rs 50 per tola and Rs 42.86 per gram, respectively.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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