Business
Gold price drops by Rs3000 per tola in Pakistan
After decrease in the price, the yellow metal settles at Rs215,600 in the local markets.
Karachi: The price of 24 karat gold registered a notable decrease, dropping by Rs.3,000 and settling at Rs.215,600 in the country on Saturday.
This is in contrast to its previous rate of Rs.218,600 on the last trading day.
Similarly, the price of 10 grams of 24 karat gold saw a decline of Rs.2,572, reaching Rs.184,842 from its previous value of Rs.187,414. Besides it, the price of 10 grams of 22 karat gold decreased to Rs.169,439 from Rs.171,786, as reported by the All Sindh Sarafa Jewellers Association.
In terms of silver, the prices for per tola and ten grams remained stable at Rs.2,600 and Rs.2,229.08, respectively.
Internationally, the gold market experienced a decline of $26, marking a shift from $2,050 to $2,024, according to the Association's report. The fluctuations in gold prices continue to be closely monitored, reflecting both global and local market dynamics.