KARACHI — A day after surging by thousands of rupees, gold prices in Pakistan recorded a modest decline on Saturday, offering slight relief to buyers.
According to figures released by the All Pakistan Gems and Jewelers Association, the price of gold per tola fell by Rs 200, bringing it down to Rs 386,300. Similarly, the rate for 10 grams of gold slipped by Rs 172 to Rs 331,189.
In the international market, gold also eased, dropping by $2 to settle at $3,643 per ounce.
Gold has long been regarded as a safe-haven investment, particularly during times of inflation, political upheaval, and economic uncertainty. For centuries, it has not only served as a store of value but also as a hedge against volatility in other assets.
It is worth noting that last year, Pakistan revised its pricing mechanism, linking domestic rates to $20 above the global market per ounce. This adjustment continues to influence fluctuations in local prices.
