Gold prices in Pakistan experienced a notable drop on Friday, mirroring the sharp rise seen the previous day. The cost of 24-karat gold plummeted by Rs4,200 to Rs228,200 per tola.
Similarly, the price for 10 grams of 24-karat gold fell by Rs3,600 to Rs195,645, while 10 grams of 22-karat gold also decreased to Rs179,341.
These fluctuations are directly tied to changes in the US Dollar’s value, highlighting the strong correlation between currency fluctuations and gold prices. This demonstrates how global economic factors impact local gold markets.
In addition, the price of 24-karat silver dropped to Rs2,580, decreasing by Rs20. Internationally, gold prices also fell significantly, reaching $2,185 per ounce, down by $40.
It’s worth noting that gold rates in Pakistan can fluctuate throughout the day, influenced by global market trends. For the most accurate and current information, individuals are encouraged to consult local gold merchants and jewellers.