The price of 24-karat gold in Pakistan dropped by further Rs. 200 on Monday, making it Rs. 241,500 per tola.
The price of 10 grams of 24-karat gold, which was available for Rs207,047 after falling by Rs172, showed a similar dropping trend, according to dealers. Moreover, the cost of ten grams of 22-karat gold showed a comparable decline and was Rs189,793.
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.
Nonetheless, the price of 24-karat silver was steady at Rs2,850. Globally, the price of gold dropped by two dollars.
It’s critical to understand that changes in the worldwide market can have a substantial impact on gold prices in Pakistan throughout the day. The gold rates that are offered are obtained from reliable sources, mostly situated in Karachi and Multan.
It is recommended that individuals seek the advice of nearby gold merchants and jewellers for the most precise and current information regarding gold prices.
