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Gold prices fall by Rs3,000 per tola in Pakistan as global rates decline

Gold prices fall by Rs3,000 per tola in Pakistan as global rates decline

An undated image. — Pexels

KARACHI: Gold prices in Pakistan dropped once again as the rate of 24-karat gold fell by Rs3,000 per tola, bringing it down to Rs356,000.

Similarly, the price for 10 grams of gold slipped by Rs2,572, now standing at Rs305,212.

Gold Prices in Pakistan:

Gold Type Price Change New Price
 Gold (Per Tola) – Rs3,000 Rs356,000
Gold (Per 10 Grams) – Rs2,572 Rs305,212

The week began with gold priced at Rs353,000 per tola on July 7 and saw a steady upward trend, peaking at Rs359,700 on July 14.

Despite a slight drop to Rs351,500 on July 9, prices recovered quickly, touching Rs354,700 on July 10, Rs357,000 on July 11, Rs358,100 on July 12, and eventually climbing to the week’s highest by July 14.

In global markets, the price of gold dropped by $30 per ounce, now standing at $3,335. Despite this decline in gold, silver prices in Pakistan remained unchanged. The rate for silver held firm at Rs4,014 per tola.

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