Gold prices in Pakistan experienced a significant drop on Thursday, bringing the cost of 24-karat gold down to Rs242,000 per tola after a substantial decrease of Rs6,200.
Dealers also reported a corresponding decline in the price of 10 grams of 24-karat gold, which fell by Rs5,315 to Rs207,476. Additionally, the price of 10 grams of 22-karat gold saw a sharp reduction, trading at Rs190,186.
These price movements are closely tied to fluctuations in the value of the US Dollar, highlighting the strong correlation between currency values and gold prices. This emphasizes the impact of global economic factors on local gold markets.
The price of 24-karat silver also dropped significantly by Rs50, trading at Rs2,800. Internationally, gold prices saw a substantial decline of $60, reaching $2,355 per ounce.
It’s important to note that gold rates in Pakistan can vary significantly throughout the day, influenced by global market trends. The provided gold rates are sourced from reputable sources, mainly 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.
