Gold prices in Pakistan saw a sharp decline of Rs5,400 on Thursday, mirroring global market trends following Donald Trump’s victory in the 2024 U.S. presidential election.
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According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola dropped by Rs5,400, settling at Rs276,800 in the local market.
Similarly, the price of 10 grams of 24-karat gold fell significantly by Rs4,630, bringing it down to Rs237,311.
In the international market, gold prices plummeted by $65 on Thursday, settling at $2,662 per ounce, with an added premium of $20.
Meanwhile, in the local market, silver prices also experienced a decline, dropping by Rs130 to reach Rs3,300 per tola.
