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Gold Prices In Pakistan Experience Significant Drop

Gold Prices In Pakistan Experience Significant Drop

Gold prices in Pakistan experienced a significant decrease on Saturday, dropping by Rs3,600. The price of 24-karat gold fell to Rs239,400 per tola after remaining unchanged the previous day.

Dealers noted a similar downward trend in the price of 10 grams of 24-karat gold, which decreased by Rs3,086 to Rs205,247. Likewise, the price of 10 grams of 22-karat gold also saw a decline, reaching Rs188,143.

Read more: Gold Prices Steady in Pakistan Post-Surge

These fluctuations are closely tied to shifts in the value of the US Dollar, highlighting the interdependence of currency values and gold prices and emphasizing the influence of global economic factors on local gold markets.

The price of 24-karat silver also experienced a significant decrease, dropping by Rs50 to Rs2,750. Internationally, gold prices witnessed a considerable decline of $70, reaching $2,292 per ounce.

It is essential to note that gold rates in Pakistan can fluctuate significantly throughout the day due to trends in the global market. The provided gold rates are obtained from reputable sources primarily located in Karachi and Multan.