KARACHI – Gold prices in Pakistan plunged by Rs200 per tola after they climbed to record high in line with the trend in international market on Thursday.
According to the Saraffa Association, the opening price of 24-karat gold per tola stood at 396,800 while the rate for 10 grams stood at Rs340,192.
Gold is a valuable commodity widely traded in global markets. Known for its rarity and durability, gold has been used for centuries as a store of value and hedge against inflation. It is traded in various forms, including physical bullion, futures contracts, and exchange-traded funds (ETFs).
Investors often turn to gold during economic uncertainty, as it tends to retain value when other assets decline. Major trading centers include London, New York, and Shanghai. Gold prices are influenced by factors like interest rates, currency strength, and geopolitical events, making it a crucial component of diversified investment portfolios.
In international market, the gold price also dropped and now stood at $3,750 per ounce.
Today Gold Rate in Pakistan
| City | Gold Price | Silver Rate |
| Karachi | 396,800 | Rs4,663 |
| Lahore | 396,800 | Rs4,663 |
| Islamabad | 396,800 | Rs4,663 |
| Peshawar | 396,800 | Rs4,663 |
| Quetta | 396,800 | Rs4,663 |
| Sialkot | 396,800 | Rs4,663 |
| Hyderabad | 396,800 | Rs4,663 |
| Faisalabad | 396,800 | Rs4,663 |
Meanwhile, the rates of per tola and ten gram recorded an increase and stood at Rs.4,663 and Rs.3,997. respectively.
Market experts attribute the ongoing volatility to uncertain trends in global bullion trading and the fluctuating value of the Pakistani rupee against the US dollar.
