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.
Kim Jong-un offers full support to Russia in Ukraine war
- 11 hours ago
Karachi police bust betel nut smuggling hidden in cement sacks
- 9 hours ago
Frontier Constabulary to become countrywide force under new ordinance
- 9 hours ago
Emergency vaccination reduced deaths by nearly 60% during epidemics, study finds
- 11 hours ago
High risk near rivers as Tarbela spillways open today
- 13 hours ago
Wildlife force deployed as no-bird zones enforced near Lahore airport
- 14 hours ago
PTI expels five lawmakers for defying party policy
- 9 hours ago
Sindh police give 10-day deadline to personnel to quit gutka, mawa use
- 12 hours ago
Iran confirms assassination attempt on President Pezeshkian amid Israeli airstrikes
- 14 hours ago
Indian drone strike kills 3 separatist leaders in Myanmar
- 9 hours ago
Rawalpindi to Multan bus meets accident; 5 in critical condition
- 14 hours ago
WhatsApp introduces new feature to show how many people are typing in group chats
- 12 hours ago
