Gold Rate in Pakistan Drops to Rs306,300
The decline in gold prices has resulted in a decrease of Rs 240 per tola, with 10 grams of 24-carat gold falling by Rs 2,058, offering a potential opportunity for investors and consumers to purchase gold at a lower price, while the international gold price per ounce stands at $2,916.
Gold prices in Pakistan have decreased, with the price of 24-carat gold per tola falling by Rs 240 to Rs 306,300, and 10 grams of 24-carat gold decreasing by Rs 2,058 to Rs 262,602, following a decline in global gold prices.
The decline in gold prices is a result of a decrease in international market trends, with the price per ounce falling to $2,916. This drop is a continuation of a previous decline, where gold prices had reached a record high of Rs 309,500 per tola on Monday, only to decrease by Rs 800 on Tuesday. The international rate of gold also decreased by $8 to $2,940 per ounce, with a premium of $20.
Silver prices have also been affected, with one tola of silver decreasing by Rs 36 to Rs 3,314, and 10 grams of silver falling by Rs 31 to Rs 2,841. The decrease in gold and silver prices is expected to impact the local gold markets and Sarafa Markets in various cities across Pakistan.
The fluctuation in gold prices is a significant development for investors and consumers in Pakistan, who are closely monitoring the market trends to make informed decisions. As the global and local gold prices continue to fluctuate, it remains to be seen how the market will respond in the coming days.
