Gold Prices Fall in Pakistan as Global Market Declines

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Gold Prices Fall in Pakistan as Global Market Declines

Gold prices in Pakistan recorded a notable decline as the per tola rate dropped to Rs524,562, following a downturn in international bullion markets that unsettled traders and investors.

According to market data, the price of 10 grams of gold fell by Rs7,459, bringing the new rate to Rs449,727 in the local market. The decline mirrors the trend in global markets where gold prices also witnessed fluctuations.

The international gold price currently stands at $5,018 per ounce, influencing domestic rates across Pakistan’s major bullion markets including Karachi, Lahore, and Islamabad.

Gold Prices in Pakistan

  • Gold (per tola): Rs524,562
  • Gold (10 grams): Rs449,727
  • Silver (per tola): Rs8,541
  • Gold (International): $5,018 per ounce

22K, 21K and 18K Gold Rates

  • Per Tola:
    • 22K: Rs473,458
    • 21K: Rs451,937
    • 18K: Rs387,375
  • Per Gram:
    • 22K: Rs40,591
    • 21K: Rs38,746
    • 18K: Rs33,211
  • Per 10 Gram:
    • 22K: Rs405,918
    • 21K: Rs387,467
    • 18K: Rs332,115
  • Per Ounce:
    • 22K: Rs1,150,503
    • 21K: Rs1,098,208
    • 18K: Rs941,321

Recent Gold Price Trend

Gold prices in Pakistan have shown fluctuations over the past few weeks:

  • 13 March: Rs533,262
  • 12 March: Rs540,362
  • 10 March: Rs539,562
  • 05 March: Rs537,162
  • 26 February: Rs540,562
  • 25 February: Rs541,262
  • 24 February: Rs539,962
  • 23 February: Rs536,562

Silver Prices in Pakistan

Silver prices also moved downward in line with gold. The price of silver fell by Rs310 per tola, bringing the latest rate to Rs8,541.

Bullion market experts say the drop in prices is largely linked to volatility in international markets, which directly affects local gold rates in Pakistan.

Also read: Gold Prices Rebound to Rs539,862 in Pakistan

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