On Tuesday, the gold prices in Pakistan witnessed a minor fall, taking the cost of 24-karat gold to Rs230,100 per tola after witnessing a decrease of a meagre Rs100.
Dealers observed a corresponding decrease in the price of 10 grams of 24-karat gold, which also saw a slight fall of Rs86, now trading at Rs197,274. Similarly, the price of 10 grams of 22-karat gold also saw a downward trend to trade at Rs180,834.
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 maintain upward trend
The price of 24-karat silver, however, remained stable at Rs2,600. Internationally also, the gold price saw a brief depreciation of $1, reaching $2,197 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.
