KARACHI – Gold prices in Pakistan saw a minor decline on Monday, with the new price for 24K gold per tola standing at Rs356,300. The price for 10 grams of gold also dropped to Rs305,470.
Gold Prices in Major Cities
Here are the current gold prices in various cities across Pakistan:
- Karachi: Rs356,300 per tola, Rs305,470 per 10 grams
- Lahore: Rs356,300 per tola, Rs305,470 per 10 grams
- Islamabad: Rs356,300 per tola, Rs305,470 per 10 grams
- Multan: Rs356,300 per tola, Rs305,470 per 10 grams
- Peshawar: Rs356,300 per tola, Rs305,470 per 10 grams
Silver Prices Hold Steady
In contrast, silver prices remained unchanged both domestically and internationally. The rate for silver stood at Rs3,963 per tola and Rs3,397 per 10 grams in Pakistan. Globally, the price of silver remained steady at over $38 per ounce.
Global Market Impact on Local Gold Prices
The global price of gold experienced a slight drop of $1, settling at $3,336 per ounce. Market analysts believe that fluctuations in the international market, along with the dynamics of currency exchange rates and investor sentiment, are influencing the local prices of gold and silver in Pakistan.
Also Read: Gold Price Uptrend Observed in Pakistan – July 28 Update
