On Wednesday, the gold prices in Pakistan witnessed a major fall, taking the cost of 24-karat gold to Rs228,300 per tola after reporting a decline of Rs1800.
Dealers observed a corresponding decrease in the price of 10 grams of 24-karat gold, which also saw a slight fall of Rs1544, now trading at Rs195,730. Similarly, the price of 10 grams of 22-karat gold also saw a downward trend to trade at Rs179,420.
These fluctuations are closely linked to changes in the value of the US Dollar, indicating the intricate relationship between currency values and gold prices. This underscores the influence of global economic factors on local gold markets.
Read more: Gold prices in Pakistan see decline
The price of 24-karat silver, however, remained stable at Rs2,600. Internationally also, the gold price saw a brief depreciation of $18, reaching $2,179 per ounce.
It's essential to recognize that gold rates in Pakistan can vary significantly throughout the day, influenced by trends in the global market. The provided gold rates are sourced from reputable sources, primarily based in Karachi and Multan.
For the most up-to-date and accurate information on gold prices, individuals are advised to consult local gold merchants and jewellers.
