On the first day of the week, the gold market in Pakistan experienced a marginal decrease of Rs600, leading to the 24-karat gold price per tola dropping to Rs214,700. Gold dealers reported a slight decline in the rate of 10 grams of 24-karat gold, with a decrease of Rs514, and it was available for purchase at Rs184,071. Meanwhile, the price of 10 grams of 22-karat gold remained unchanged at Rs168,731. These price variations are closely linked to fluctuations in the value of the US Dollar, underscoring the intricate connection between currency values and gold prices.
The cost of 24-karat silver remained unchanged at Rs2,600. Internationally, the price of gold also experienced a decrease of $8, settling at $2,042 per ounce. It’s important to note that gold prices in Pakistan can undergo substantial fluctuations during the day, influenced by trends in the global market. The provided rates are obtained from reputable sources, mainly located in Karachi and Multan. For the most up-to-date and accurate gold rates, it is advisable to consult with local gold merchants and jewelers. Staying well-informed about the dynamic nature of gold prices in Pakistan is essential for individuals interested in keeping up with market trends.