On Tuesday, the gold rates in Pakistan witnessed a massive decrease, bringing the price of 24-karat gold down to Rs241,900 per tola after seeing a price drop of Rs2,000.
Dealers reported a similar decrease in the price of 10 grams of 24-karat gold, which has gone down by Rs1,715 to Rs207,390. Furthermore, the price of 10 grams of 22-karat gold also showed a spike to trade at Rs190,108.
These movements are closely linked to changes in the value of the US Dollar, indicating the close relationship between currency values and gold prices. This underscores the impact of global economic factors on local gold markets.
Read more: Gold prices in Pakistan continue to drop
The price of 24-karat silver also witnessed a huge drop of Rs20 to trade at Rs2,630. Internationally also, the gold price saw a major price decrease of $19, reaching $2,316 per ounce.
It's very important to recognize that gold rates in Pakistan can vary significantly throughout the day, influenced by trends in the global market. The provided gold rates are sourced from reputable sources, primarily based in Karachi and Multan.
For the most up-to-date and accurate information on gold prices, individuals are advised to consult local gold merchants and jewellers.
