Gold Price Stable in Pakistan Amid Political Uncertainty

Web DeskFebruary 12, 2024
Gold Price Stable in Pakistan Amid Political Uncertainty

The price of gold in Pakistan remained steady at the beginning of the new week, despite the ongoing political uncertainty. According to data released by the Karachi Sarafa Association, the price of gold (24 carats) remained unchanged at Rs. 214,300, while the price of 10 grams remained at Rs. 183,728 on Monday.

Also Read: Gold Price in Pakistan Records Big Decline

It is worth mentioning that last week, the price of the precious metal witnessed a decrease of Rs. 1,700 per tola. This decline was primarily attributed to a downward trend in the international market.

In the international market, spot gold maintained its stability at $2,022.39 per ounce as of 0340 GMT, while US gold futures remained steady at $2,036.20 per ounce. Despite the political uncertainty domestically, the local gold market appears to have retained its stability, reflecting the global trend.

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