pakistan
Explainer: Why gold prices are falling in Pakistan
Key takeaways
- Add ARY News on Google AAResize KARACHI: The recent downward trend in gold and silver prices in Pakistan has been driven by multiple global and domestic economic factors, analyst say.
- Speaking on ARY News programme On My Radar with Kamran Khan, CEO of Topline Securities Muhammad Sohail explained the reasons behind the sharp decline in precious metals after a prolonged rally.
- Gold prices in international markets had previously surged to around $5,500 per ounce earlier this year, while in Pakistan the per tola rate had crossed Rs500,000 mark.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize KARACHI: The recent downward trend in gold and silver prices in Pakistan has been driven by multiple global and domestic economic factors, analyst say.
Speaking on ARY News programme On My Radar with Kamran Khan, CEO of Topline Securities Muhammad Sohail explained the reasons behind the sharp decline in precious metals after a prolonged rally.
Gold prices in international markets had previously surged to around $5,500 per ounce earlier this year, while in Pakistan the per tola rate had crossed Rs500,000 mark. However, prices have since dropped to nearly $4,000 per ounce globally and around Rs419,000 locally.
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