On Friday, gold prices in Pakistan fell as much as they had risen the day before, with 24-karat gold costing Rs228,200 a tola, down Rs4,200.
Dealers reported a similar decline in the price of 10 grams of 24-karat gold, which fell by Rs3,600 and is now trading at Rs195,645. Furthermore, the price of 10 grams of 22-karat gold fell, trading at Rs179,341.
These swings are strongly related to variations in the value of the US dollar, demonstrating a strong link between currency values and gold prices. This demonstrates the influence of global economic variables on local gold markets.
The price of 24-karat silver is now standing at Rs2,580 after a considerable depreciation.
Internationally, gold prices fell by $40, reaching $2,185 per ounce.
It’s critical to understand that gold prices in Pakistan can fluctuate dramatically throughout the day, affected by worldwide market patterns. The gold rates presented are obtained from credible sources, especially in Karachi and Multan.
