All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) shares data, revealing that the price of 24-carat gold dropped by Rs1,100 per tola, settling at Rs214,200, while per 10 grams, it decreased by Rs943 to reach Rs183,642.
Karachi: Gold prices in Pakistan witnessed a decline on Tuesday, influenced by a decrease in the international market and the strengthening of the rupee against the dollar.
All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) shared the data, revealing that the price of 24-carat gold dropped by Rs1,100 per tola, settling at Rs214,200, while per 10 grams, it decreased by Rs943 to reach Rs183,642.
Simultaneously, the international market also experienced a decrease in gold prices, with a $9 drop, settling at $1,922 per ounce.
The volatility in gold rates within Pakistan can be attributed to ongoing political and economic uncertainties, along with high inflation. During such periods, individuals often choose to invest in gold as a secure asset and a hedge against potential risks.
Huawei copies Samsung’s privacy display in its latest trifold
- 19 hours ago
Data centers can’t win on Earth. How about in space?
- 8 hours ago
Security forces kill 11 terrorists in Kharan, Washuk: ISPR
- 9 hours ago
Brent crude rises above $100 a barrel as Middle East conflict escalates
- 9 hours ago
CD sales are booming as physical media continues its resurgence
- 19 hours ago
The unusually muted Tesla Cybercab launch
- 10 hours ago
Thieves steal Renoir paintings from French Riviera museum
- 9 hours ago
The Jewish Democrats trying to get to “yes” on Abdul El-Sayed
- 8 hours ago
Apple debuts passport-shaped foldable phone, called Duo
- 3 minutes ago
Google is sending MrBeast into the wilderness, armed with AI
- 19 hours ago
US says underwater drone 'malfunctioned' after Iran claimed capture
- a day ago
Data centers are bringing Americans together
- 17 hours ago
