Business Desk 
Feb 05, 2024
The gold prices in Pakistan registered a slight drop on Monday, aligning with the dip observed by the rates of yellow metal in the international market.
According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) decreased by Rs1,200 per tola and Rs1,029 per 10 grams to settle at Rs214,800 and Rs184,156, respectively.
The factor that drove down the gold rates in the Pakistani market is an insignificant downturn of yellow metal's cost in the international market, bringing the price from $2,059 to $2,048 after undergoing a reduction of $11.
Data provided by the association also indicated that the price of silver stayed the same, as it's being sold at a rate of Rs2,600 per tola and Rs2,229.08 per 10 grams.
The gold price in Pakistan often experience fluctuations due to the political and economic instability, or sometimes as a result of rising inflation and devaluation in rupee's value. During these uncertain periods, people are more likely to opt for these precious commodities as a secure investment and a shield against economic uncertainties.
