The gold market in Pakistan witnessed a drop on Monday, with 24-karat gold reaching Rs215,500 per tola and 22-karat gold available at Rs197,542 per tola. Even for smaller quantities, the rates remained attractive, with 10 grams of 24-karat gold priced at Rs184,757 and 22-karat gold at Rs169,360. These price movements are closely tied to changes in the dollar's value, highlighting the intricate relationship between currency values and gold prices. At the international level, gold prices have experienced a decline, currently standing at $2,008 per ounce.

It's crucial to be aware that gold prices in Pakistan can vary significantly throughout the day, influenced by global market trends. The provided rates are sourced from reliable outlets primarily situated in Karachi and Multan. For the most up-to-date and accurate information on gold rates, it is advisable to consult nearby gold merchants and jewellers.

Credit: Independent News Pakistan (INP)