Gold rates go down in Pakistan

KARACHI: The price of per tola gold decreased by Rs200 to trade at Rs214,500 against its sale at Rs241,700 on the last trading day.

According to All Sindh Sarafa Jewellers Association, the 10-gram gold rate also went down by Rs172 to Rs207,047 from Rs207,219 whereas that of 10 gram 22 karat gold decreased to Rs189,793 from 189,950.

Meanwhile, the price of per tola and 10-gram silver were remained stagnant at Rs2,850 and Rs2,443.41 respectively.

In the international market, the gold rate decreased by $2 to $2,324 from $2,326, the association reported.

Back in April, gold prices in the local market had reached an all-time high of Rs252,200 per tola.

The fluctuations in gold prices are largely driven by changes in the international market, reflecting the global demand and supply dynamics for the precious metal.