Islamabad, Oct 1: Gold Rate in Pakistan Dropped for the Second Time This Week. The price of gold declined somewhat in Pakistan for the second day in a row this week.
The All-Sindh Sarafa Jewellers Association released data showing that the price of 24 carat gold decreased by Rs. 600 per tola to Rs. 274,900, while the price of 10 kilos down by Rs. 515 to Rs. 235,682, and the price of 10 grams of 22-karat gold decreased to Rs. 216,042 from Rs. 216,514.
Gold Rate in Pakistan dropped in value by Rs. 500 per tola yesterday. Due to the minor losses in recent days, the price of gold has decreased from its record high of Rs. 277,000 last week by about Rs. 2,100 per tola. The price of silver per tola and ten grams stayed at Rs. 2,614.88 and Rs. 3,050, respectively.
The gold rate in Pakistan has seen a notable decline for the second time this week. Currently, the price of 24K gold per tola has dropped, reflecting the global trend of fluctuating gold prices. This decrease may be influenced by various factors such as international market shifts, currency exchange rates, and local demand dynamics.
Gold Rate in Pakistan Dropped. Since U.S. dollars are commonly used to measure gold prices, fluctuations in the dollar’s value can have a big effect on current gold prices. As the dollar strengthens, it can potentially make gold relatively more expensive for international investors, bringing the price down in the process. However, if the currency is depreciating, gold may become comparatively more affordable for overseas investors, which would raise gold prices. One of the main drivers of daily fluctuations in live gold prices is the U.S. Dollar Index
