In a recent market update, the cost of 24 karat gold per tola witnessed a notable decrease, falling by Rs.1,200. On the trading day this past Friday, the precious metal was traded at Rs.217,000, marking a significant drop from its previous value of Rs.218,200.
Furthermore, the price adjustment extended to smaller quantities, affecting the cost of 10 grams of 24 karat gold. This particular category experienced a reduction of Rs.1,028, resulting in a revised selling price of Rs.186,043, down from the earlier Rs.187,071.
A similar downward trend was observed in the prices of 10 grams of 22 karat gold, reflecting a decrease from Rs.171,482 to Rs.170,539. These fluctuations were reported by the All Sindh Sarafa Jewellers Association, shedding light on the current dynamics within the gold market.
This shift in gold prices underscores the volatility of the precious metals market, with fluctuations influenced by a myriad of factors, including global economic conditions, geopolitical events, and supply and demand dynamics.
As the All Sindh Sarafa Jewellers Association provides these updates, market observers and investors alike closely monitor such developments to make informed decisions in response to the ever-changing landscape of the gold market.