Karachi, June 17, 2023: Gold rates in Pakistan experienced a decline on Saturday, reflecting the downward trend observed in the international market.
READ MORE: Gold Prices in Pakistan Soar by Rs2,700 per Tola on June 16
The price of gold, specifically 24 karat per tola, fell by Rs1,700 to conclude at Rs221,700, compared to the previous day’s closing rate of Rs223,400 in the domestic markets. Similarly, the price of gold, 24 karat per 10 grams, decreased by Rs1,458, settling at Rs190,072 from the previous day’s closing rate of Rs171,530. Likewise, the price of gold, 22 karat per 10 grams, slipped by Rs1,337, reaching Rs174,232 compared to the previous day’s closing rate of Rs175,569.
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The international gold market witnessed a decline of $7, with the gold price per ounce ending at $1,958, compared to the previous rate of $1,965.
In contrast, the silver prices in the local market remained unchanged despite an increase in the international markets. The price of silver, 24 karat per tola, and per 10 grams were recorded at Rs2,650 and Rs2,271.91, respectively, maintaining stability.
READ MORE: Gold Prices Plummet in Pakistan amid Global Market Decline
Conversely, the price of silver in the international market rose by 9 cents, concluding at $24.70, compared to the previous day’s closing rate of $24.11.
The decline in gold rates in Pakistan can be attributed to the corresponding decrease in the international market. Investors and individuals interested in gold trading may find the current rates favorable for their investments.
READ MORE: Gold Prices in Pakistan Decline Due to Global Market Trends
Please note that these rates are subject to change due to market fluctuations. It is advisable to stay updated with the latest developments in the gold and silver markets for accurate information.
