Gold prices in Pakistan experienced a decline on Tuesday, with 24-karat gold witnessing a drop of Rs1,200 to reach Rs241,100 per tola.
Notably, this price is maintained Rs3,000 lower than its actual value today.
The association overseeing these fluctuations attributed this adjustment to the substantial decrease in purchasing power, opting to keep the price Rs3,000 below its actual cost.
Contrastingly, in the previous week, 24-karat gold had observed an increase of Rs5,500 per tola.
According to the Karachi Sarafa Association, the current price of 24-karat gold stands at Rs207,733 per 10 grammes, marking a decrease of Rs943.
Similarly, the price of 22-karat gold has been quoted at Rs189,479 per 10 grammes, depicting a downward trend.
Internationally, the spot gold market showed resilience, hovering around $2,338.4 an ounce, following a 1% decline observed yesterday.
Meanwhile, silver prices remained stable in the domestic market, with 24-karat silver being traded at Rs2,650 per tola and Rs2,271.94 per 10 grammes.
