On Wednesday, the gold prices in Pakistan continued to decline, taking the cost of 24-karat gold to Rs248,200 per tola after reporting a price decrease of Rs300.
Dealers reported a related fall in the price of 10 grams of 24-karat gold, which dipped by Rs236 to trade at Rs212,791. Furthermore, the price of 10 grams of 22-karat gold also saw a bearish trend to trade at Rs195,059.
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 price experiences decline after continuous climb
The price of 24-karat silver remains stable at Rs2,850. Internationally also, the gold price witnessed another decline of $3, reaching $2,418 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.
