Gold prices in Pakistan fell for the second day in a row today in both local and international markets after another decline in bullion rates, with traders across Gulf and European markets confused over US-Iran talks this week.
The decline comes amid ongoing uncertainty surrounding US-Iran peace talks, leaving traders across Gulf and European markets cautious and unsure about the near-term outlook.
In the international bullion market, gold prices fell by $10 per ounce to $4,778. In Pakistan, the price of gold per tola dropped by Rs. 1,000 to Rs. 500,162.
Likewise, the price of 10 grams of gold declined by Rs. 857, settling at Rs. 428,808.
Gold was priced at Rs. 501,162 per tola on Monday.
Meanwhile, silver prices also declined, with the per tola rate falling by Rs. 59 to Rs. 8,358.
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