The continuous decline in gold prices in Pakistan has been a notable trend in recent times, with the latest rates now falling below Rs. 200,000 per tola. This significant drop in gold prices can be attributed to various factors influencing the global and local markets.
As of Thursday, the rate for 24-karat gold stands at Rs190,000 per tola, and for those interested in 22-karat gold, it is available at Rs174,167 per tola.
Moreover, the rate of 10 grams of 24-karat gold priced at Rs162,894, while the same quantity of 22-karat gold can be obtained for Rs149,320. It’s noteworthy that the rate of pure gold in Pakistan has witnessed a continuous decrease.
However, the decrease in gold prices has both positive and negative implications. On one hand, it makes gold more affordable for consumers, potentially boosting jewelry sales and providing opportunities for investment. On the other hand, it may raise concerns among investors who traditionally rely on gold as a hedge against economic uncertainty.