Gold Rate Eases in Pakistan Amid Stable International Markets

Gold Rate Eases in Pakistan Amid Stable International Markets

Karachi, June 20, 2023: The gold rate in Pakistan experienced a decline on Tuesday, reflecting stable prices in the international markets.

The decrease in gold prices can be attributed to the overall stability observed in global markets.

READ MORE: Gold Rate in Pakistan Witnesses Decline of Rs 1,000 on June 19, 2023

In the domestic markets, the price of 24-karat gold per tola (11.66 grams) decreased by Rs200 to reach Rs220,500 compared to the previous day’s closing of Rs220,700. Similarly, the price of 24-karat gold per 10 grams witnessed a decline of Rs171, closing at Rs189,043 as compared to Rs189,214 the day before. The 22-karat gold per 10 grams also saw a decrease of Rs157, ending at Rs173,290 from the previous closing price of Rs173,447.

READ MORE: Gold Rates Ease in Pakistan Following International Market Decline

In contrast, the international market prices for gold remained stable at $1,951 per ounce.

Meanwhile, silver prices in Pakistan also experienced a decline following the trend in the international markets. The price of 24-karat silver per tola (11.66 grams) fell by Rs50, closing at Rs2,600 compared to the previous day’s closing of Rs2,650. Similarly, the price of 24-karat silver per 10 grams decreased by Rs42.86 to reach Rs2,229.08 from the previous day’s closing of Rs2,271.94.

READ MORE: Gold Prices in Pakistan Soar by Rs2,700 per Tola on June 16

In the international market, the price of silver recorded a decline of 28 cents, settling at $23.79 per ounce compared to the previous day’s closing price of $24.07.

The easing of gold and silver rates in Pakistan can be attributed to the stable prices observed in the international markets. Investors and consumers will closely monitor the global market trends to make informed decisions regarding their gold and silver investments in the coming days.

READ MORE: Gold Prices Surge in Pakistan to Rs220,700 per Tola despite International Rate Fall

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