Gold prices in Pakistan experienced a significant decrease on Wednesday, with 24-karat gold dropping to Rs212,000 per tola and the 22-karat variant priced at Rs194,333 per tola. Even in smaller quantities, the attractiveness of these prices remained, with 10 grams of 24-karat gold at Rs181,756 and 22-karat gold at Rs166,609. These fluctuations are directly linked to changes in the value of the US Dollar, highlighting the interconnectedness of currency values and gold prices. On a global scale, the price of gold has seen a decline, currently standing at $2,023 per ounce.

It's worth noting that gold prices in Pakistan can experience significant variations throughout the day, influenced by trends in the global market. The provided rates are gathered from reputable sources, mainly located in Karachi and Multan. For the most recent and accurate gold rates, it is advisable to consult local gold merchants and jewellers. Remaining aware of the dynamic nature of gold prices in Pakistan is crucial for individuals monitoring market trends.

 
Credit: Independent News Pakistan (INP)