On Wednesday, gold prices in Pakistan reported a major drop of Rs3,500, with the cost of 24-karat gold standing at Rs210,800 per tola.
Dealers also noted a huge fall of Rs3,001 in the rate for 10 grams of 24-karat gold, with its price falling to Rs180,727.
However, the rate of 10 grams of 22-karat gold remained steady at Rs165,666 per tola.
These fluctuations in gold rates are closely linked to changes in the value of the US Dollar, showcasing the intricate relationship between currency values and gold prices. This underscores the influence of global economic factors on local gold markets.
Also Read: Gold prices in Pakistan remain stable
Internationally, the global gold price experienced a major decrease, dropping by $33 to settle at $2,010 per ounce.
The price of silver also saw a decrease of Rs20 and was traded at Rs2,580 per tola.
It's important to recognize that gold rates in Pakistan can undergo significant changes throughout the day, reflecting trends in the global market.
The provided gold rates are sourced from reliable sources, 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.
