On Tuesday, the gold prices in Pakistan witnessed a slight drop, taking the cost of 24-karat gold to Rs237,100 per tola after seeing a price drop of Rs500.
Dealers reported a similar dip in the price of 10 grams of 24-karat gold, which has gone down by Rs429 to now trade at Rs203,275. Furthermore, the price of 10 grams of 22-karat gold also reported a downtrend to trade at Rs186,335.
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.
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The price of 24-karat silver is currently standing at Rs2,600. Internationally also, the gold price saw a significant rise of $5, reaching $2,273 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.
