Gold rates in Pakistan react to global changes

Gold rates in Pakistan have taken a downward turn, impacting both 24-karat and 22-karat variants. The 24-karat gold now stands at Rs 218,000 per tola, while the 22-karat variant is priced at Rs 199,833 per tola as of Friday.

These changes are reflected even in smaller quantities, with 10 grams of 24-karat gold priced at Rs 186,900 and 22-karat gold at Rs 171,325, making gold still an attractive option for buyers.

These fluctuations are intricately tied to shifts in the US dollar’s value, underscoring the close relationship between currency values and gold prices. Globally, the price of gold has seen a decline, currently resting at $2,040 per ounce.

It’s important to note that gold prices in Pakistan can undergo significant variations throughout the day, influenced by global market trends.

The rates provided are sourced from reliable outlets, primarily in Karachi and Multan. For the most accurate and up-to-date gold rates, individuals are advised to consult local gold merchants and jewelers.

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