On Thursday, the gold prices in Pakistan once again dipped, taking the cost of 24-karat gold to Rs241,200 per tola after reporting a minor price increase of Rs1,500.
Dealers reported a similar decrease in the price of 10 grams of 24-karat gold, which rose by Rs1,286 to trade at Rs206,790. Furthermore, the price of 10 grams of 22-karat gold also saw a price decrease and was traded at Rs189,588.
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 in Pakistan once again sees huge increase
The price of 24-karat silver remained stable to trade at Rs2,900. Internationally, the gold price witnessed a dive of $17, reaching $2,335 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.
