As a result, in the local market, the price of gold per tola fell by Rs2,000, bringing it down to Rs452,262. Likewise, the price of 10 grams of gold dropped by Rs1,715, closing at Rs387,741.
The decline comes after a dramatic jump on Friday, when gold had surged by Rs10,700 per tola, touching a record Rs454,262. Market watchers say such swings reflect the nervous mood of global investors and fast-changing trends in the bullion trade.
Silver also followed the downward path. The price of silver per tola decreased by Rs220, settling at Rs6,464.
Overall, the day marked a pause in gold’s upward march, reminding buyers and traders alike that precious metal prices can turn quickly, often without much warning.
