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Gold rates slips by Rs500 to Rs237,100 per tola


The price of 24 karat gold per tola decreased by Rs500 on Tuesday (April 2), selling at Rs237,100 compared to the previous day’s rate of Rs237,600.

The recent decrease in gold prices, both domestically and internationally, has garnered attention from investors and traders. This decline, attributed to a relaxation in international markets, reflects a broader trend of volatility in the gold market. Despite being considered a safe-haven investment during economic uncertainty, gold demand has fluctuated due to various geopolitical and economic factors.

Similarly, the price of 10 grams of 24 karat gold saw a decline of Rs429, selling at Rs203,275 against the previous rate of Rs203,704. The price of 10 grams of 22 karat gold also dropped to Rs186,335 from Rs186,728, according to the All Sindh Sarafa Jewellers Association. Despite these changes, the prices of per tola and ten gram silver remained unchanged at Rs2,600 and Rs2,211.93, respectively.

Experts in the bullion market attribute this decrease in domestic gold prices to a relaxation in international markets. The price of gold slipped by $5 to $2,273 an ounce, down from the previous day’s closing of $2,278 in the global markets. This volatility in gold prices has been closely monitored by investors and traders due to the metal’s status as a safe-haven investment during times of economic uncertainty. However, fluctuating demand in recent months is attributed to various geopolitical and economic factors.

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