KARACHI: Gold prices in Pakistan continued their downward trend today in both global and domestic markets.
In the international bullion market, the price of gold fell by $10 per ounce, reaching $3,970. Following this decline, domestic gold rates also saw a reduction. The price of gold per tola in Pakistan dropped by Rs. 1,000 to Rs. 419,362, while the price per 10 grams decreased by Rs. 857 to Rs. 359,535.
Market analysts attributed the decline to fluctuations in global demand and strengthening of the US dollar, which has historically affected gold prices. Traders also noted that despite the drop, gold remains a preferred safe-haven asset for investors amid economic uncertainties.
|
GOLD PURITY |
TOLA |
10 GRAM |
|
24K |
Rs. 419,362 |
Rs. 359,535 |
|
22K |
Rs. 387,674 |
Rs. 332,283 |
|
21K |
Rs. 370,052 |
Rs. 317,179 |
|
20K |
Rs. 352,431 |
Rs. 302,075 |
|
18K |
Rs. 317,188 |
Rs. 271,868 |
