Gold prices in Pakistan experience continuous decline
Dealers reported a similar decline in the price of 10 grams of 24-karat gold, which fell by a good Rs172 to trade at Rs205,761. Furthermore, the price of 10 grams of 22-karat gold also saw a price drop to trade at Rs188,615.These movements are closely linked to changes in the value of the US Dollar, indicating the close relationship between currency values and gold prices. This underscores the impact of global economic factors on local gold markets.The price of 24-karat silver, however, remained stable at Rs2,800. Internationally also, the gold price witnessed a decline of $5, reaching $2,333 per ounce.It's very important to recognize that gold rates in Pakistan can vary significantly throughout the day, influenced by trends in the global market. The provided gold rates are sourced from reputable sources, primarily based in Karachi and Multan.For the most up-to-date and accurate information on gold prices, individuals are advised to consult local gold merchants and jewellers. SuchTV, 25 May, 2024
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