In recent market updates, the price of gold in Pakistan has seen a notable decline, impacting both local and global markets. This article delves into the specifics of this price drop and its implications for investors and consumers alike.
Gold Price Update in Pakistan
The price of 24-karat gold in Pakistan has witnessed a significant drop, now priced at Rs241,500 per tola. This marks a decrease of Rs500 per tola from the previous rate.
Karachi Sarafa Association Report
According to the Karachi Sarafa Association, the current rate for 24-karat gold stands at Rs207,047 per tola per 10 grams, reflecting a decline of Rs429 per tola. Similarly, 22-karat gold is now priced at Rs189,793 per 10 grams.
Stability in Silver Prices
Contrary to gold, silver prices have remained stable in the local market. Currently, 24-karat silver is priced at Rs2,850 per tola and Rs2,443 per 10 grams.
Global Market Insights
On a global scale, spot gold is trading near $2,323 per ounce, indicating a slight decrease of $7.2 or 0.31% compared to the previous session.
Conclusion
This update highlights the recent decline in gold prices in Pakistan and provides insights into both local and global market trends. Stay informed with regular updates on gold and silver prices from Daily Gold Signal.
For further details on daily market updates, visit Daily Gold Update.
