On Saturday, the gold market in Pakistan witnessed a decline, leading to a drop in gold prices. The cost of 24-karat gold experienced a decrease of Rs1700, reaching Rs216,000 per tola.
Gold dealers observed a corresponding reduction in the rate of 10 grams of 24-karat gold, with a decrease of Rs1458, now being traded at Rs185,185.
In addition, the price of 10 grams of 22-karat gold also saw a decline, reaching Rs169,753.
These fluctuations in gold rates are closely tied to changes in the value of the US Dollar, emphasizing the intricate relationship between currency values and gold prices.
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This connection highlights the impact of global economic factors on local gold markets.
Contrastingly, the price of 24-karat silver remained stable at Rs2,600.
On the international front, the global gold price also experienced a decrease, sliding by $15 to settle at $2,059 per ounce.
It's crucial to note that gold rates in Pakistan can undergo significant changes throughout the day, influenced by trends in the global market.
The provided gold rates are sourced from reliable outlets, primarily located in Karachi and Multan.
For the latest and most accurate information on gold prices, individuals are encouraged to consult local gold merchants and jewellers.
