On Wednesday, the fluctuating gold market in Pakistan witnessed a massive fall of Rs3,600, with the price of 24-karat gold reaching Rs213,700 per tola.
According to gold dealers, the rate of 10 grams of 24-karat gold also saw a huge drop of Rs3,087 and was being sold at Rs183,213.
Moreover, 10 grams of 22-karat gold was being sold for Rs167,945.
These fluctuations are closely tied to changes in the value of the US Dollar, highlighting the intricate relationship between currency values and gold prices.
Also Read: Gold price in Pakistan registers a drop
The price of 24-karat silver also saw a slight drop of Rs50 to reach Rs2,600.
On the global stage also, the gold price fell by $22 to settle at $2,045 per ounce.
It's noteworthy that gold rates in Pakistan can undergo significant variations throughout the day, influenced by trends in the global market.
The provided rates are sourced from reliable outlets, primarily situated in Karachi and Multan.
For the latest and most accurate gold rates, it is recommended to consult with local gold merchants and jewellers.
Remaining well-informed about the dynamic nature of gold prices in Pakistan is crucial for individuals keen on staying abreast of market trends.
