Gold rates in Pakistan witness downtrend

ISLAMABAD: In Thursday’s market report, gold rates in Pakistan displayed a downward trend, the 24-karat gold dipped to Rs216,000 per tola, with the 22-karat variant priced at Rs197,083 per tola.

Even in smaller quantities, the appeal of these prices persisted, with 10 grams of 24-karat gold at Rs185,185 and 22-karat gold at Rs169,753.

These fluctuations are closely connected to changes in the US Dollars value, showing how currency values and gold prices are connected.

On a global scale, the price of gold has experienced a decline, currently standing at $2,042 per ounce.

Rupee records marginal gain against US dollar

It’s important to note that gold prices in Pakistan can undergo notable variations throughout the day, influenced by trends in the global market.

The provided rates are sourced from reputable outlets primarily located in Karachi and Multan.

For the latest and most 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 crucial for those monitoring market trends.  – INP