Gold prices in Pakistan drop by Rs 3600

In a welcome development for gold and jewelry enthusiasts, gold prices in Pakistan have witnessed a significant decline, much to the delight of buyers.

The Sarafa Association in Pakistan reported a substantial drop in gold rates as of January 18, marking a noteworthy decrease of Rs3,600 per tola.

The revised rates now place the current rate of gold at Rs213,700 per tola for 24 karate gold, offering a more favorable market for those looking to make purchases.

The association also highlighted a sharp decline in the 10-gram price of gold, plummeting by Rs3,087 to Rs183,213.

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Internationally, the trend mirrors the local decline, with spot gold experiencing a 0.2% decrease to $2,024.49 per ounce, marking a one-week low.

This synchronized reduction in gold prices presents a timely opportunity for buyers both domestically and on the global market, sparking renewed interest in gold acquisition.

As economic factors continue to influence precious metal prices, observers are keenly monitoring fluctuations in the market.