Gold prices in Pakistan witness a slight decline

KARACHI: On Monday, the gold rates in Pakistan witnessed a slight dip, with 24-karat gold slipping to Rs 215,400 per tola and 22-karat gold slipping to Rs 213,600 per tola.

Even in smaller quantities, the appeal of these prices remained, with 10 grams of 24-karat gold priced at Rs 183,128 and 22-karat gold at Rs 169,282.

The fluctuations in gold rates are intricately tied to changes in the US Dollar value, underscoring the close relationship between currency values and gold prices.

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Globally, the price of gold has also seen a modest drop, currently standing at $2,018 per ounce. Gold prices in Pakistan can exhibit meaningful variations throughout the day, influenced by trends in the global market.

The provided rates are sourced from reputable outlets, primarily from the All Pakistan Gem Merchants and Jewellers Association in Karachi.

For the most recent and accurate gold rates, it is recommended to consult local gold merchants and jewellers.

Staying informed about the dynamic nature of gold prices in Pakistan is essential for individuals keeping an eye on market trends. – INP