Pakistan Gold Prices Drop Amid International Rate Decline

Gold prices in Pakistan have dropped slightly after international bullion rates fell. According to Saraffa market, the price of 24-karat gold decreased by Rs500 per tola, bringing the new rate to Rs427,936. The price of 10 grams of gold also declined by Rs428, settling at Rs366,886.

The global bullion rate dropped by $5 per ounce to $4,055, influencing prices in Pakistan's domestic market. In contrast, silver prices continued their upward movement, rising by Rs60 per tola and taking the local rate to Rs6,351.

Recent data shows gold prices have fluctuated sharply over the past two weeks. The price of 24-karat gold stood at Rs432,036 on July 23 before easing to Rs427,436 the following day.