Gold prices see a minor drop in Pakistan – Check today price

Gold rates in Pakistan saw a marginal decline on Friday, tracking a slight drop in international markets, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).

Key Price Changes (May 10, 2024)

International Market Movement

• Gold (per ounce): Dropped by $3\ast \ast to\ast \ast$2,326 (from $2,329)
• Silver (per ounce): Rose by $0.16\ast \ast to\ast \ast$32.55

Why the Decline?

The dip in local gold prices aligns with weaker global demand and a strengthening US dollar, which typically pressures gold rates. Meanwhile, silver saw a minor uptick, possibly due to industrial demand.