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Commodities

Pakistani Gold Prices Plummet as International Rates Fall

Guavy AI Editorial Team
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Gold
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Gold prices in Pakistan experienced a decline on Saturday, reversing gains from the previous two sessions. The All Pakistan Sarafa Gems and Jewellers Association reported that the price of 24-karat gold per tola decreased by Rs3,700, settling at Rs426,736. This corresponds to a rate drop of Rs3,202 for 10 grams of gold, which now costs Rs365,857.

The downward trend in domestic markets was attributed to international gold prices, which fell by $37 per ounce to $4,043. This decline weighed on local bullion rates, resulting in the decrease observed in Pakistani markets.

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