Changes in gold rates are influenced by fluctuations in currency values and global trends.

Gold prices in Pakistan have dropped significantly.


On Wednesday, gold prices in Pakistan dropped by Rs1,100, causing the cost of 24-karat gold to fall to Rs214,800 per tola across the country.

Dealers also noted a decrease in the price of 10 grams of 24-karat gold, which dropped by Rs944 to Rs184,156. Similarly, the price of 10 grams of 22-karat gold also saw a decline, reaching Rs168,810.

These fluctuations are closely tied to changes in the value of the US Dollar, highlighting the intricate relationship between currency values and gold prices. This demonstrates how global economic factors impact local gold markets.

In contrast, the price of 24-karat silver remained steady at Rs2,570. Internationally, the global gold price experienced a notable decrease of $8, reaching $2,048 per ounce.

It's important to note that gold rates in Pakistan can fluctuate significantly throughout the day due to trends in the global market. The provided gold rates are obtained from reliable sources, primarily based in Karachi and Multan.

For the most accurate and up-to-date information on gold prices, individuals are encouraged to consult local gold merchants and jewelers.