The fluctuating gold market in Pakistan witnessed a massive fall of Rs3,600 On Wednesday, with the price of 24-karat gold reaching Rs213,700 per tola.
According to gold dealers, the rate of 10 grams of 24-karat gold also saw a huge drop of Rs3,087 and was being sold at Rs183,213.
Moreover, 10 grams of 22-karat gold was being sold for Rs167,945.
The ups and downs in gold prices are connected to shifts in the value of the US Dollar. This shows how currency values and gold prices are closely linked.
The price of 24-karat silver also saw a slight drop of Rs50 to reach Rs2,600.
On the global stage also, the gold price fell by $22 to settle at $2,045 per ounce.
It’s important to mention that the price of gold in Pakistan can change a lot during the day, depending on what’s happening in the world market.
The given rates are sourced from reliable outlets, primarily situated in Karachi and Multan.
However, For the live and most accurate gold rates, it is recommended to consult with local gold merchants and jewellers.
