On Friday, the gold prices in Pakistan witnessed as big a fall as their rise a day before, taking the cost of 24-karat gold to Rs228,200 per tola after reporting a drop of Rs4,200.
Dealers reported a similar decrease in the price of 10 grams of 24-karat gold, which dropped by Rs3,600 to now trade at Rs195,645. Furthermore, the price of 10 grams of 22-karat gold also saw a downward trend to trade at Rs179,341.
These movements are closely linked to changes in the value of the US Dollar, indicating the close relationship between currency values and gold prices. This underscores the impact of global economic factors on local gold markets.
Read more: Gold prices in Pakistan witness massive hike again
The price of 24-karat silver is currently standing at Rs2,580 after a good depreciation by Rs20. Internationally also, the gold price saw a significant fall of $40, reaching $2,185 per ounce.
It's very important 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.
