KARACHI: The price of gold in Pakistan experienced another drop on Thursday after witnessing a brief surge earlier, influenced by fluctuations in global rates.
As reported by the All Pakistan Sarafa Gems and Jewellers Association, the cost of 24-karat gold decreased by Rs1,000 per tola, now standing at Rs418,862.
In the local market, the rate for 10 grams of 24-karat gold fell by Rs857, settling at Rs359,106. Similarly, 10 grams of 22-karat gold saw a decline of Rs678 from the previous day’s price, bringing it to Rs329,300.
On the international stage, gold prices fell by $10, reaching $3,965 per ounce. This decline aligns with a persistent downward trend largely driven by stronger global currencies and cautious investor behavior.
Silver prices remained unaffected by these fluctuations. The rate for 24-karat silver per tola held steady at Rs5,034, and 10 grams of silver continued to sell for Rs4,315 without any change from the previous day.
