On Wednesday, gold prices in Pakistan experienced a decrease of Rs1,100. This drop impacted gold rates across the country, pushing the cost of 24-karat gold to Rs214,800 per tola.
Dealers observed a corresponding fall in the price of 10 grams of 24-karat gold, which also saw a decrease of Rs944, now trading at Rs184,156. Similarly, the price of 10 grams of 22-karat gold also saw a downward trend, reaching Rs168,810.
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.
In contrast, the price of 24-karat silver remained stable at Rs2,570. Internationally, the global gold price saw a significant decrease of $8, reaching $2,048 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 jewelers.
