Gold Rates in Pakistan Plummet to Rs335,200
The decline in gold prices has resulted in a significant decrease in the value of gold in Pakistan, with prices dropping to Rs335,200 per tola and Rs287,379 per 10 grams, and silver prices settling at Rs3,377 per tola and Rs2,985 per 10 grams, according to the APGJSA.
Gold prices in Pakistan have decreased significantly, with a drop of Rs6,700 per tola and Rs5,745 per 10 grams, due to a downturn in the global market. The value of bullion has plunged to $3,168 per ounce, causing domestic gold rates to fall to Rs335,200 per tola and Rs287,379 per 10 grams.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24 karat gold per 10 grams has declined by Rs5,745 to Rs287,379, while the price of 22 karat gold per 10 grams has decreased by Rs5,266 to Rs263,440. Additionally, silver prices have also declined, with per tola silver down by Rs105 to Rs3,377 and ten gram silver down by Rs90 to Rs2,985.
The decrease in gold prices is attributed to a global market downturn, with the international market experiencing a $67 drop to $3,168 per ounce, and silver decreasing by $1.05 to $31.95 per ounce. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) has reported these changes, providing insight into the current state of gold rates in Pakistan.
As the gold market continues to fluctuate, it is essential to stay informed about the latest developments and changes in gold rates. The current decrease in gold prices may have significant implications for the Pakistani economy and the gold trade industry, making it crucial to monitor these changes closely.