KARACHI: Gold lost momentum, falling from all-time highs on Thursday, as global market receded close to $2,850 per ounce, traders said.
The precious metal lost a value by Rs900 and Rs772, declining from a record high to Rs298,700 per tola and Rs256,087 per 10 grams, respectively, All Pakistan Sarafa Gems and Jewellers Association said.
On the world market, gold bullion prices reduced by $9, receding from an all-time high to $2,859 per ounce while silver was selling for just over $32 per ounce.
Domestic silver prices also followed the pattern, sliding by Rs23 and Rs20 to trade at Rs3,327 per tola and Rs2,852 per 10 grams, respectively, the association added.
Copyright Business Recorder, 2025
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