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.
How will citizens get their passports now? Here's you know
- 4 hours ago
5 books that define America — for better and for worse
- 17 hours ago
Swift and Kelce marry as global stars swarm 'royal wedding'
- 7 hours ago
Gold prices resume declining trend in Pakistan, global markets
- 8 hours ago
Huge crowds gather in Iran as funeral ceremonies for assassinated supreme leader begin
- 7 hours ago
A very Trump July 4
- 17 hours ago
PM, Field Marshal attend Ayatollah Khamenei's funeral ceremony in Tehran
- a day ago
America’s housing was built for a world we no longer live in
- 17 hours ago
Argentina survive Cape Verde scare to reach World Cup last 16
- 8 hours ago
Pubs to stay open until 5am for England match!
- 18 hours ago
Madonna releases 15th studio album 'Confessions II'
- a day ago
The Supreme Court can no longer explain itself
- 17 hours ago
