Gold price drops in Pakistan despite hike in international market

Gold rates in Pakistan on Tuesday moved down in contrast with the international market trend.

Data shared by local market jewelers suggest yellow metal saw a drop of Rs1,900.

With the price change, the 24 carats of gold settled at Rs200,100 per tola. The 10-gram gold was sold at Rs171,553 after a fall of Rs1,636.

The price of gold reached $1924 per ounce after an increase of $4.93 in the international market.

Bullion remained volatile in Pakistan amid continued political and economic uncertainty and soaring inflation, and people prefer to buy bullion in such times as a safe investment.

Gold rate in Pakistan today – 17 October, 2023

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