Saturday, December 2, 2023

Significant Drop in Gold Value in Pakistan, Here’s Today Rate

The price of gold in Pakistan has experienced a significant drop, with a reduction of 1,000 Pakistani Rupees per tola. This development has caught the attention of investors and individuals who closely monitor the precious metal’s market fluctuations.

As of Monday, the price of 24-carat gold per tola stood at 200,000 Rupees. Meanwhile, the current rate for 22-carat gold is 185,167 Rupees per tola, reflecting a notable decline in value.

For those interested in smaller quantities of gold, the price for 10 grams of 24-carat gold is now 173,182 Rupees, and for 10 grams of 22-carat gold, it amounts to 158,751 Rupees.

This drop in gold prices has generated interest in the Saudi gold market, where gold has become more affordable. Until September 30th, the price of gold in currency exchange markets had reached a peak of 203,000 Rupees per tola. However, over the past month, there has been a record decrease of 36,000 Rupees per tola in the price of gold.

This change in gold prices has implications for investors, jewelry buyers, and anyone considering gold as an investment. It’s a dynamic situation worth monitoring as it can impact various sectors of the economy and financial markets.

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