Gold prices ended their 2-day win streak in Pakistan on Friday after a small decline in international markets.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold per tola in Pakistan decreased by Rs. 2,700 to reach Rs. 494,062.
The price of 10 grams of gold also decreased by Rs. 2,315 to Rs. 423,578.
In the international market, gold prices fell by $27 per ounce to $4,717 per ounce.
Meanwhile, silver prices moved higher, with per tola silver gaining Rs. 80 to reach Rs. 8,525.
Today’s close is based on the market’s conserved reaction to earlier clashes between Iran and US naval forces at Hormuz. The ceasefire is still in effect despite the brief curfuffle.
Money markets and precious metals stayed on course for a green ending to the week.
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