Gold rates in Pakistan – September 23, 2024

Gold rates in Pakistan experienced a slight decline on Monday, in line with the downward trend in the international market.

According to the Sarafa association, the price of 24-karat gold per tola decreased by Rs600 to settle at Rs271,900, while the 10-gram gold price dropped by Rs471 to close at Rs233,110.

The 10-gram gold rate had also jumped to Rs233,625 after a hike of Rs429.

The precious commodity’s price had previously risen significantly on Friday, increasing by Rs3,500 to settle at Rs272,000 per tola.

However, the international market’s downward trend has now led to a correction in local prices.

Meanwhile, Gold imports have recorded an annual decline of 41.64%, according to official documents. In August, Pakistani importers brought in only 22 kilograms of gold.

On the other hand, the exchange rate for one US Dollar against Pakistani rupees was recorded at Rs 277.86 in the local and open market, with a selling rate of Rs 280.75.