Markets witness Rs500 decline in 24 Karat Gold in Pakistan

Karachi: The price of 24 karat gold per tola witnessed a reduction of Rs500, being traded at Rs 212,000 on Saturday as opposed to its previous rate of Rs 212,500.

The latest reports suggested that the price for 10 grams of 24 karat gold experienced a decrease of Rs428, now standing at Rs 181,756 compared to its previous value of Rs 182,184. Besides it, the cost of 10 grams of 22 karat gold declined from Rs 167,002 to Rs 166,610, according to reports from the All Sindh Sarafa Jewellers Association.

In the silver market, the price per tola decreased by Rs100 to Rs 2,550, while the cost of 10 grams of silver saw a reduction of Rs85.73, now priced at Rs 2,186.2.

Internationally, the price of gold dipped by $4 to $1,919, down from $1,923, as reported by the Association.