Gold Prices Fall in Pakistan

Monday saw a notable decline in gold rates across Pakistan, with the price of 24-karat gold dropping to Rs243,900 per tola, marking a decrease of Rs500. Similarly, the price of 10 grams of 24-karat gold decreased by Rs429 to Rs209,105, while 10 grams of 22-karat gold rose slightly to Rs191,680. These fluctuations are intricately tied to shifts in the value of the US Dollar, illustrating the intimate connection between currency dynamics and gold prices, thereby highlighting the influence of global economic factors on local gold markets. Despite these changes, the price of 24-karat silver remained steady at Rs2,650. It’s essential to acknowledge that gold rates in Pakistan are subject to frequent fluctuations throughout the day, influenced by international market trends. For the most accurate and up-to-date information, individuals are encouraged to consult trusted local gold merchants and jewellers, as the provided rates are obtained from reliable sources predominantly situated in Karachi and Multan.