Gold prices experience significant decline

Author: Agencies

As of Wednesday, the current rate for 24-karat gold stands at Rs197,000 per tola, while those interested in 22-karat gold can acquire it at Rs180,583 per tola. For individuals seeking smaller quantities, 10 grams of 24-karat gold are now priced at Rs168,896, and 10 grams of 22-karat gold can be obtained for Rs154,821, based on the latest data from the bullion market. The price of pure gold in Pakistan has witnessed a substantial decrease. It’s important to highlight that gold rates in Pakistan can fluctuate multiple times throughout the day in response to global market trends. These rates are sourced from reliable outlets, primarily located in Karachi and Multan. However, the All Pakistan Jewelers Association, which typically releases daily gold prices, has refrained from doing so since September 5, 2023. This absence of official gold rates has left consumers visiting jewelry shops in a state of confusion. Individuals closely monitoring the gold market are advised to remain vigilant as rates continue to fluctuate in response to global developments in the world of gold. We are committed to keeping our readers well-informed, and we will provide regular updates on the gold market in Pakistan. Stay tuned for the latest developments in gold prices.

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