On Monday, the gold price in Pakistan saw a decrease, with 24-karat gold being sold at Rs245,100 per tola, marking a drop of Rs1,300 per tola from previous session. Notably, the price has been kept a significant Rs3,500 below its actual cost today due to a reduction in purchasing power.

KARACHI SARAFA ASSOCIATION REPORT

The Karachi Sarafa Association reported the price of 24-karat gold at Rs210,134 per 10 grams, reflecting a decrease of Rs1,113 per tola. Similarly, the price of 22-karat gold was quoted lower at Rs192,622 per 10 grams.

SILVER PRICES REMAIN UNCHANGED

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On the other hand, silver prices remained unchanged in the domestic market. 24-karat silver continued to be sold at Rs2,900 per tola and Rs2,486 per 10 grams.

GLOBAL GOLD PRICE TREND

On the global front, spot gold traded near $2,374 an ounce, down $11.7 or 0.49% from the previous session. Last week, the yellow metal surged 2.8% to post its biggest weekly advance in three months.

ALI

ALI

Experienced Senior Research Analyst

SIKANDER RAZA

SIKANDER RAZA

Sikander Raza, a Senior Technical Analyst

HAMZA SALEEM

HAMZA SALEEM

Hamza Saleem, a Senior Business Analyst

IRSA

IRSA

Irsa Sajjad, as a Research Analyst for Equities

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