In recent weeks, gold price adjustments in Pakistan have drawn significant attention. This article delves into the latest changes in gold prices and their implications for the local market.
Significant Decline in Gold Prices
On Thursday, gold prices in Pakistan underwent a considerable drop. The cost of 24-karat gold fell to Rs250,500 per tola, a decrease of Rs2,300. This adjustment is notable in the context of ongoing market fluctuations.
Detailed Price Adjustments
The Karachi Sarafa Association reported a decrease in the price of 24-karat gold to Rs214,763 per 10 grams, down by Rs1,972. The price of 22-karat gold also saw a reduction, now quoted at Rs196,866 per 10 grams. These adjustments reflect a significant shift in gold pricing.
Silver Price Changes
Alongside gold, silver prices have also seen adjustments. The price for 24-karat silver fell to Rs2,860 per tola, a drop of Rs60. For 10 grams, the price is now Rs2,452, reflecting a reduction of Rs51.
Global Market Influence
Globally, spot gold prices have decreased to $2,375 per ounce, down by $23.9 or 0.99% from the previous session. This international trend contributes to the adjustments seen in Pakistan.
Market Data Overview
| PKR (24-karat per tola) | Jul 25, 2024 | Jul 24, 2024 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 250,500 | 252,800 | -2,300 | 9,900 | 8,800 | 30,500 |
| Silver | 2,860 | 2,920 | -60 | 10 | 10 | 180 |
For the most current updates on gold price adjustments in Pakistan, visit Daily Gold Signal. For more detailed daily updates, explore the Daily Gold Update category.
