On Wednesday, the gold rates in Pakistan witnessed a nominal decrease of Rs900, taking the cost of 24-karat gold to Rs240,600 per tola.
Dealers reported a similar declining trend in the price of 10 grams of 24-karat gold, which was available for Rs206,276 after witnessing a fall of Rs771 in its price. Furthermore, the price of 10 grams of 22-karat gold also displayed a similar decrease and was available at Rs189,086.
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 sees little increase
The price of 24-karat silver, however, remained stable at Rs2,850. Internationally, the gold price witnessed a major decrease of $13 and was available at $2,313 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.
