On Monday, the gold rate in Pakistan experienced a sudden drop, moving the cost of 24-karat gold to Rs248,700 per tola after seeing a price drop of Rs3500. Dealers reported a similar dip in the price of 10 grams of 24-karat gold, which has gone down by Rs3021 to now trade at Rs213,220. Furthermore, the price of 10 grams of 22-karat gold also showed a drop to trade at Rs195,452. These movements are closely linked to changes in the value of the US Dollar, indicating the close relationship between currency values and gold prices. This underscores the impact of global economic factors on local gold markets.
| Gold Type | Price (Rs) | Change (Rs) |
|---|---|---|
| 24-karat (per tola) | 248,700 | -3,500 |
| 24-karat (per 10 grams) | 213,220 | -3,021 |
| 22-karat (per 10 grams) | 195,452 | N/A |
On Monday, gold rates in Pakistan witnessed a sudden decline, with the price of 24-karat gold dropping to Rs248,700 per tola, reflecting a decrease of Rs3,500. Dealers also noted a similar decrease in the price of 10 grams of 24-karat gold, which now stands at Rs213,220, down by Rs3,021. Similarly, the price of 10 grams of 22-karat gold also saw a reduction, trading at Rs195,452.
These fluctuations are closely tied to changes in the value of the US Dollar, highlighting the interconnection between currency values and gold prices. This underscores how global economic dynamics can significantly influence local gold markets.
