Gold Prices Plummet Globally as Silver Continues to Soar

The price of gold has fallen in both global and Pakistani markets, while silver prices have continued to rise. In the international bullion market, gold's value dropped by $10 per ounce, reaching $4,040 per ounce.

This decline was mirrored in Pakistan's local bullion market, where 24-karat gold decreased by Rs. 1,000 per tola, settling at Rs. 426,436. The price of 10 grams of 24-karat gold also dropped by Rs. 857, reaching Rs. 365,600.

Meanwhile, silver prices moved in the opposite direction. In the international market, silver gained 68 cents per ounce, pushing its price to $58.12 per ounce.

The increase in global silver prices was also reflected in Pakistan's local market, where the price of silver per tola rose by Rs. 68, reaching Rs. 6,291, while the price of 10 grams of silver increased by Rs. 58 to Rs. 5,393.