The price per tola (11.66 grams) of 24 carat gold fell by Rs1,800 to Rs218,200 on Thursday, the lowest price since it was last recorded at Rs220,000. In a similar vein, 10 grams of 24 carat gold dropped in price from Rs188,614 to Rs187,071, a fall of Rs1,543. The All Sindh Sarafa Jewellers Association said that the price of 10 grams of 22-karat gold dropped from Rs172,897 to Rs171,482, following the same general trend.
Concurrently, the price of silver per tola fell by Rs20, to Rs2,660, and the price of silver per ten grams fell by Rs17.14, to Rs2,280.52.
The price of gold decreased by $.15 on a global scale, selling for $2,067 instead of $2,082. These changes in the price of precious metals, which are caused by both local and foreign variables, are very important in determining how people view the economy and make investments. For market players, the All Sindh Sarafa Jewellers Association is a vital information source that offers insights into the workings of the precious metals industry.
Pakistani Gold Rates as of January 4, 2024
As of Thursday, a tola of 24-karat gold priced Rs220,000, while ten grams of the precious metal cost Rs188,615.
The price of 22 carat gold is currently Rs201,200, the rate for 21 carat gold is Rs192,060, and the cost for 18 carat gold is approximately Rs164,625 per tola.
Gold prices on the international market are currently $2046 after declining by $13.50 on Thursday.
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