Karachi: Gold prices in Pakistan experienced a slight decline on Tuesday, with 24-karat gold selling at Rs230,100 per tola after dropping by Rs100.
The price for 10 grams of 24-karat gold also decreased by Rs86, now at Rs197,274, while 10 grams of 22-karat gold saw a similar downward trend, trading at Rs180,834.
These changes are closely tied to fluctuations in the value of the US Dollar, indicating the close relationship between currency values and gold prices. This demonstrates how global economic factors impact local gold markets.
On the other hand, the price of 24-karat silver remained steady at Rs2,600. Internationally, gold prices experienced a slight decrease of $1, reaching $2,197 per ounce.
It’s important to note that gold rates in Pakistan can vary significantly throughout the day, influenced by global market trends.
For the most accurate and up-to-date information, it’s recommended to consult local gold merchants and jewellers in Karachi and Multan.