The gold price in Pakistan saw a decline on Wednesday, with 24-karat gold being sold at Rs301,500 per tola. This marked a decrease of Rs1,600 compared to the previous day. Similarly, 24-karat gold per 10-gram was sold at Rs258,487, down by Rs1,372.
These rates were shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). The price of 22-karat gold also dropped, quoted at Rs236,955 per 10-gram. On the other hand, silver prices remained stable in the domestic market.
Current Gold and Silver Rates in Pakistan
- 24-karat gold per tola: Rs301,500 (down by Rs1,600)
- 24-karat gold per 10-gram: Rs258,487 (down by Rs1,372)
- 22-karat gold per 10-gram: Rs236,955
- 24-karat silver per tola: Rs3,312 (unchanged)
- 24-karat silver per 10-gram: Rs2,839 (unchanged)
Global Gold Market Trends
Globally, spot gold traded near 2,888anounce,downby2,888anounce,downby11 or 0.38% from the previous session. This decline in international markets also influenced the local gold prices in Pakistan.
Factors Influencing Gold Price
Gold prices are influenced by various factors, including global market trends, currency fluctuations, and demand-supply dynamics. The recent drop in gold prices in Pakistan aligns with the global trend.
Why Monitor Gold Prices?
Monitoring gold prices is crucial for investors and traders. It helps in making informed decisions about buying or selling gold. For the latest updates on gold and silver rates, visit Daily Gold Signal.
Conclusion
The gold price in Pakistan decreased on Wednesday, with 24-karat gold selling at Rs301,500 per tola. Silver prices, however, remained unchanged. Stay updated with the latest trends by visiting Daily Gold Update.
For more insights on gold and silver rates, check out Daily Gold Signal. Stay updated with the latest gold trends by visiting Daily Gold Update.
