KARACHI – Gold rates in Pakistan saw Rs3,500 drop on Monday amid negative trajectory in international market rates.
On the first working day of the week, the 24 carats of precious metal saw drop of Rs3500 and the new price settled at Rs248,700 per tola.
The price of 10 grams of bullion moved down to Rs213,220, a drop of Rs3,020, Sarafa rates show on Monday.
Gold Rates in Pakistan on April 22
| Description | Price (Rs) | Change (Rs) |
|---|---|---|
| 24 carats per tola | 248,700 | -3,500 |
| 10 grams of bullion | 213,220 | -3,020 |
The change in gold prices is linked to central banks increasing their gold reserves and geopolitical tensions arising from conflicts in Ukraine and Gaza, which have led to a surge in demand for the safe-haven asset in the international market.
In international price, the gold rates sold was set at $2,381 per ounce, with a $20 premium, after a $30 decline in the international market, according to APGJSA. Meanwhile, the silver rate declined by Rs30 to settle at Rs2,650 per tola.
Gold prices increase in Pakistan – check latest rates on April 19
