Recently, the gold prices in Pakistan have been experiencing a downward trend, which means they are on a “free fall.” This decline in prices can be attributed to various factors such as global economic conditions, changes in demand and supply, fluctuations in currency exchange rates, and market speculation.
It’s important to note that gold prices are influenced by both local and international factors. Factors like inflation, interest rates, geopolitical tensions, and global economic stability all play a role in determining the price of gold.
As of Thursday, September 28, 2023, the price of one tola of 24-karat gold in Pakistan stands at PKR 205,600. This rate reflects the current market value of gold in the country.
Gold prices can fluctuate daily due to various factors, including international market trends, currency exchange rates, and local demand and supply dynamics. Investors, jewelry buyers, and traders closely monitor these rates as they can impact the cost of purchasing and selling gold items.