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Friday, November 8, 2024

Home Business Gold prices drop in Pakistan in line with international market trend

Gold prices drop in Pakistan in line with international market trend

by Web Desk (Lahore)
October 21, 2023
in Business, Gold Rate

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KARACHI – Gold rates in Pakistan plunged in contrast with the global market trend.

Local market jewelers rates suggest that yellow metal saw a drop of Rs1,500 on Saturday.

Following the price tweak, the 24 carats of gold settled at Rs208,350 per tola. The 10-gram gold was sold at Rs178,636 after a fall of Rs130.

The price of gold reached $1992 per ounce with a drop of $7 in the international market.

Gold 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.