Gold prices in Pakistan saw a minor decline on Wednesday, following record-high rates earlier in the week. The price of 24-karat gold per tola dropped by Rs. 1,600, settling at Rs. 301,500, compared to Rs. 303,100 on the previous trading day.
Latest Gold Rates in Pakistan (Updated)
Below is a table showing the latest gold prices in Pakistan:
| Gold Type | Price (Previous) | Price (Current) | Change |
|---|---|---|---|
| 24K per Tola | Rs. 303,100 | Rs. 301,500 | -Rs. 1,600 |
| 10g 24K | Rs. 259,859 | Rs. 258,487 | -Rs. 1,372 |
| 10g 22K | Rs. 238,212 | Rs. 236,955 | -Rs. 1,257 |
| Silver (Per Tola) | Rs. 3,312 | Rs. 3,312 | No Change |
| Silver (10g) | Rs. 2,839 | Rs. 2,839 | No Change |
International Gold Market Update
Gold prices in the global market also witnessed a decline. The international gold rate dropped by $16, moving from $2,904 to $2,888.
Why Are Gold Prices Falling?
Gold prices fluctuate due to various factors, including:
- International Market Trends: A drop in global gold prices directly affects local rates.
- US Dollar Strength: A stronger USD can push gold prices down.
- Local Demand & Supply: Changes in demand from jewelers and investors impact the price.
Final Thoughts
Despite the recent dip, gold prices remain near record highs. Investors and buyers should keep an eye on international trends and currency fluctuations before making purchasing decisions.