On Thursday, the gold rates in Pakistan continued to fall, bringing the price of 24-karat gold down to Rs241,000 per tola after seeing another price drop of Rs900.
Dealers reported a similar decrease in the price of 10 grams of 24-karat gold, which has gone down by Rs771 to Rs206,619. Furthermore, the price of 10 grams of 22-karat gold also showed a spike to trade at Rs189,400.
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 huge decrease
The price of 24-karat silver also witnessed a drop of Rs10 to trade at Rs2,620. Internationally also, the gold price saw a price decrease of $8, reaching $2,308 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.
