Gold Prices in Pakistan Experience Significant Decline Amid Global Market Trends

gold-prices-in-pakistan-experience-significant-decline-amid-global-market-trends

On Wednesday, gold prices experienced a notable decline in Pakistan, with the price of 24-karat gold dropping to Rs228,300 per tola, marking a decrease of Rs1800.

Dealers noted a corresponding dip in the price of 10 grams of 24-karat gold, which saw a modest decrease of Rs1544, now priced at Rs195,730. Similarly, the price of 10 grams of 22-karat gold also trended downward, reaching Rs179,420.

These fluctuations are intricately tied to shifts in the value of the US Dollar, highlighting the interconnectedness of currency values and gold prices. This underscores the impact of global economic factors on local gold markets.

In contrast, the price of 24-karat silver remained unchanged at Rs2,600. Internationally, gold prices experienced a brief depreciation of $18, reaching $2,179 per ounce.

It’s important to note that gold rates in Pakistan can fluctuate significantly throughout the day, influenced by global market trends. The provided gold rates are obtained from reliable sources, primarily based in Karachi and Multan.

For the most accurate and up-to-date information on gold prices, individuals are encouraged to consult local gold merchants and jewellers.