Friday, May 24, 2024

Gold rates decline massively by Rs 7800 per tola

On Tuesday, gold rates in Pakistan saw a notable decrease, with the cost of 24-karat gold dropping to Rs240,900 per tola following a significant dip of Rs7,800.

Dealers reported a similar downward trend in the price of 10 grams of 24-karat gold, which fell by Rs6,687 to now trade at Rs206,533. Additionally, the price of 10 grams of 22-karat gold also experienced a decline, now trading at Rs189,322.

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These fluctuations are closely tied to changes in the value of the US Dollar, highlighting the interconnectedness between currency values and gold prices.

Meanwhile, the price of 24-karat silver currently stands at Rs2,650. Internationally, the gold price also saw a decrease of $72, reaching $2,309 per ounce.

It's essential to note that gold rates in Pakistan can vary significantly throughout the day, influenced by global market trends. Individuals seeking the most accurate and up-to-date information on gold prices are advised to consult local gold merchants and jewellers.

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Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

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