On Wednesday, the gold rates in Pakistan saw a minor decrease again, moving the cost of 24-karat gold to Rs240,600 per tola after recording a price rise of Rs400.
Dealers reported a similar drop in the price of 10 grams of 24-karat gold, which has gone up by Rs343 to now trade at Rs206,276. Furthermore, the price of 10 grams of 22-karat gold also displayed a downward trend to trade 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.
The price of 24-karat silver decreased by Rs20 to trade at Rs2,800. Internationally also, the gold price experienced a price jump of $4, reaching $2,332 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.