Gold rates in Pakistan see a slight decrease

On Wednesday, gold rates in Pakistan experienced a slight decrease of Rs900, bringing the price of 24-karat gold to Rs240,600 per tola. Dealers noted a similar decline in the price of 10 grams of 24-karat gold, which fell by Rs771 to Rs206,276. Additionally, the price of 10 grams of 22-karat gold dropped to Rs189,086.

These changes are closely linked to fluctuations in the value of the US Dollar, highlighting the relationship between currency values and gold prices. This connection underscores the influence of global economic factors on local gold markets.

Read More: Gold Prices Rise Slightly in Pakistan Amid Global Rebound

In contrast, the price of 24-karat silver remained stable at Rs2,850 per tola. On the international front, the gold price saw a significant decrease of $13, settling at $2,313 per ounce.

It is 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.