On Wednesday, the gold market in Pakistan saw a decline in prices, with 24-karat gold now being sold at Rs240,600 per tola, marking a decrease of Rs900 per tola. This reduction is notable as the price has been kept Rs1,500 below its actual cost, reflecting a drop in purchasing power among consumers.
The Karachi Sarafa Association reported that the price of 24-karat gold is now Rs206,276 per 10 grams, showing a decrease of Rs771 per 10 grams. Similarly, 22-karat gold prices have dropped, now quoted at Rs189,086 per 10 grams.
Contrastingly, silver prices have remained stable in the domestic market. The price of 24-karat silver stands unchanged at Rs2,850 per tola and Rs2,443 per 10 grams.
On the international stage, spot gold traded near $2,316 an ounce, down by $14.4 or 0.62%. The global decline reflects broader economic concerns impacting precious metal markets worldwide.
