On Friday, both international and local markets saw a slight decline in gold prices, which, a day before a sharp rally, was pushed to the historic height.
In the international bullion market, gold was priced at $ 3,326, up to $ 3 per ounce. The DIP made a slight correction in the local market of Pakistan, where the price of 24 carat gold declined by Rs 300 per toll, which reduced it to Rs 349,700.
The price of 10 grams of 24 carat gold also decreased by Rs 257, which reached Rs 299,811.
After this decline, the dramatic increase of Thursday began, when gold prices in Pakistan reached a height of Rs 350,000 per tola, which for the first time violated the milestone.
According to data from the All Pakistan Johrrats and Jewelers Surfa Association (APG JSA), gold decreased by Rs 2,000 per toll and Rs 1,715 per toll, which closed at Rs 300,068.
Unlike gold, silver prices continued to rise. On Friday, Silver increased by Rs 16 per toll, which reached Rs 3,417, while 10 grams increased by Rs 14 to Rs 2,929.
Gold prices have a natural market correction after a slight dip in gold prices, analysts say. However, he has warned that the ongoing global economic uncertainty, geographical political tension, and the strong interest of investors in secure residential assets can remain.
