On Saturday, gold prices in Pakistan fell significantly, with 24-karat gold costing Rs227,500 a tola, down Rs1050.
Dealers saw a matching decline in the price of 10 grams of 24-karat gold, which fell by Rs900 and is now trading at Rs195,045. Similarly, the price of 10 grams of 22-karat gold fell, trading at Rs178,791.
These movements are strongly related to changes in the value of the US dollar, highlighting the complex connection between currency values and gold prices. This highlights the impact of global economic variables on domestic gold markets.
However, the price of 24-karat silver has remained steady at Rs2,600. Internationally, the gold price fell briefly by $13, hitting $2,175 per ounce.
It is critical to know that gold prices in Pakistan can fluctuate dramatically throughout the day, affected by worldwide market movements. The gold rates offered are from reliable sources, particularly in Karachi and Multan.
Individuals should contact with local gold merchants and jewellers for the most recent and accurate information on gold prices.