In the last six days, gold prices in Pakistan have seen a significant drop, with the price of 24-karat gold falling to Rs238,000 per tola after a decline of Rs1,600. Similarly, the price of 10 grams of 24-karat gold decreased by Rs1,257 to Rs204,047.
However, there was an increase in the price of 10 grams of 22-karat gold, which rose to Rs187,043. These fluctuations in gold prices are attributed to changes in the value of the US Dollar, highlighting the influence of currency values on local gold markets.
Despite the drop in gold prices, the price of 24-karat silver remained stable at Rs2,620. On the international front, gold prices experienced a slight increase of $4, reaching $2,301 per ounce. It’s important to note that gold rates in Pakistan can vary frequently due to global market trends.
Given the volatile nature of gold prices, individuals are advised to stay updated by consulting local merchants and jewellers for the most accurate information. Keeping track of these fluctuations is crucial for those involved in buying or selling gold in the Pakistani market.
