On Wednesday, gold prices in Pakistan experienced a slight decrease. The price of 24 karat gold dropped by Rs900 per tola, bringing the new rate to Rs240,600 per tola.
According to the Karachi Sarafa Association, the price of 24 karat gold per 10 grammes fell by Rs771, settling at Rs206,276. Additionally, the price of 22 karat gold was reported at Rs189,086 per 10 grammes, reflecting a decrease.
This decline is attributed to a reduction in purchasing power, leading to the price being set Rs1,500 below its actual cost.
In contrast, silver prices remained stable. The price of 24 karat silver stood at Rs2,850 per tola and Rs2,443 per 10 grammes.
On the international market, spot gold traded near $2,316 an ounce, down by $14.4 or 0.62 per cent from the previous session.
This trend highlights the ongoing fluctuations in precious metal prices, influenced by both local and global economic factors.
