On Monday, the gold rates in Pakistan experienced a sudden drop, moving the cost of 24-karat gold to Rs248,700 per tola after seeing a price drop of Rs3500.
Dealers reported a similar dip in the price of 10 grams of 24-karat gold, which has gone down by Rs3021 to now trade at Rs213,220. Furthermore, the price of 10 grams of 22-karat gold also showed a drop to trade at Rs195,452.
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 rates in Pakistan witness major dip
The price of 24-karat silver is currently standing at Rs2,750. Internationally also, the gold price saw a price drop of $30, reaching $2,381 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.
