Karachi, January 4, 2024 - The gold market witnessed a substantial downturn as prices plummeted by Rs 1800 per tola today, marking a noteworthy trend. In the past two days, gold prices experienced a staggering drop of Rs 3100 per tola, with today's rate settling at Rs 2,18,200 per tola, making it more affordable for investors.
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Following a decrease of Rs 1543 per ten grams, gold now stands at Rs 1,87,711, causing ripples in the global gold market. The international gold market reacted to this shift by seeing a reduction of $15 per ounce, settling at $2067 per ounce.
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Yesterday, all across the country's bullion markets, a dip of Rs 1300 per tola was recorded, leading to a current gold rate of Rs 2,20,000 per tola, as reported by the All Pakistan Gems and Jewelers Association. Additionally, the price for 10 grams of gold saw a decline of Rs 1115, reaching Rs 1,88,614.
Investors and traders are closely monitoring these fluctuations as the gold market navigates through this period of volatility, impacting both local and global economic landscapes.
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