Similar drops in price were recorded by dealers for 10 grams of 24-karat gold, which dropped to Rs206,619 from Rs771. In addition, the cost of ten grams of 22-karat gold increased to trade at Rs 189,400.
These fluctuations are strongly correlated with shifts in the US dollar’s value, demonstrating the tight connection between gold prices and exchange rates. This emphasizes how local gold markets are impacted by variables related to the global economy.
Additionally, the price of 24-karat silver decreased by Rs10, closing at Rs2,620. Additionally, the price of gold dropped $8 globally, reaching $2,308 per ounce.
It is crucial to understand that fluctuations in gold prices in Pakistan can occur throughout the day, impacted by patterns in the global market. The provided gold rates are sourced from reputable sources, primarily based in Karachi and Multan.
