Gold prices in Pakistan experienced a notable decline on Thursday, February 27, 2025. The All Pakistan Sarafa Gems and Jewellers Association reported that the price of 24-karat gold per tola decreased by Rs3,300, settling at Rs303,000. Similarly, the price for 10 grams of 24-karat gold dropped by Rs2,829, reaching Rs259,773. For 22-karat gold, the rate for 10 grams stood at Rs238,133, reflecting a decrease of Rs2,594.
In the international market, gold prices also saw a downward trend. The global price of gold fell by $29, bringing it to $2,887 per ounce. This international decline influenced the local market, contributing to the reduction in domestic gold prices.
Silver prices, however, remained stable. The rate for 24-karat silver per tola was steady at Rs3,314, and the price for 10 grams of 24-karat silver held firm at Rs2,841. On the international front, silver prices remained unchanged at $31.79 per ounce.
Comparing these figures to the previous day’s rates on February 26, 2025, there was a significant drop in gold prices. On that day, the price of 24-karat gold per tola was Rs306,300, indicating a decrease of Rs3,300 by February 27. The 10-gram rate for 24-karat gold was Rs262,602 on February 26, showing a reduction of Rs2,829 the following day. For 22-karat gold, the 10-gram price was Rs240,727 on February 26, decreasing by Rs2,594 to Rs238,133 on February 27.
The international gold market also reflected this downward trend. On February 26, the global gold price was $2,916 per ounce, which then fell by $29 to $2,887 on February 27. Silver prices remained consistent during this period, with no change in both local and international markets.
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Several factors have contributed to the recent decline in gold prices. Fluctuations in the international market, changes in currency exchange rates, and shifts in supply and demand dynamics all play a role in determining gold prices. Investors often monitor these factors closely, as gold is considered a safe-haven asset during times of economic uncertainty.
Despite the recent decrease, gold continues to hold significant value for investors and consumers alike. Its enduring appeal as a store of value and a hedge against inflation ensures its continued demand in the market. As global economic conditions evolve, gold prices are likely to adjust accordingly, reflecting the complex interplay of market forces.
The gold prices in Pakistan on February 27, 2025, experienced a notable decline in prices compared to the previous day. This trend mirrors movements in the international market and underscores the various factors influencing precious metal prices. Silver prices, in contrast, remained stable during this period. As always, market participants are advised to stay informed about global economic developments to make well-informed investment decisions.
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