KARACHI – Gold prices in Pakistan extended their downward trend, with price of 24-karat gold falling by Rs5,200 per tola to Rs419,636, in line with a dip in international bullion markets. Silver prices also recorded losses as global precious metal rates weakened.
On Wednesday, 24 Karat gold prices in Pakistan dropped by Rs5,200, bringing it down to Rs419,636. The price of 10 grams of gold also fell by Rs4,458, settling at Rs359,770.
Today Gold Prices
Metal
Change
New Price
Gold (Per Tola)
-Rs5,200
Rs419,636
Gold (10 Grams)
-Rs4,458
Rs359,770
Gold (International, Per Ounce)
-$52
$3,972
Silver (Per Tola)
-Rs107
Rs6,242
The latest decline comes just a day after gold prices had already slipped by Rs4,100 per tola, when the precious metal closed at Rs424,836 on Tuesday, extending the ongoing downward trend in the domestic market.
The fall in local prices followed weakness in the global bullion market, where gold shed $52 per ounce to trade at $3,972 per ounce, including a $20 premium.
Silver prices also moved lower alongside gold. The price of silver declined by Rs107 per tola, with the new rate settling at Rs6,242.
Market analysts say fluctuations in international bullion prices continue to have a direct impact on Pakistan’s gold market, with local rates closely tracking global trends and movements in the value of the US dollar.
Gold Rates Today in Pakistan – 18, 21 and 24Karat Gold Price
