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In a dramatic turn of events, the price of gold rate in Pakistan decreased by Rs. 500 per tola on Tuesday, just a day after experiencing a significant surge of Rs. 800 per tola. According to the latest data released by the Karachi Sarafa Association, the price of 24-carat gold dropped to Rs. 240,300 per tola, while the price of 10 grams decreased by Rs. 429 to Rs. 206,018.
Silver Prices Remain Unchanged
Despite the fluctuations in gold prices, the price of silver remained stable, with the rate per tola standing unchanged at Rs. 2,800 and the price per 10 grams remaining consistent at Rs. 2,400.54.
Sarafa Association Adjusts Prices
Last week, the Sarafa Association had kept the price of gold under cost by Rs. 4,000, but with international prices falling, the association has now ended the discount, leading to the current price adjustment.
Read Also: Decline in Bread/Roti Prices in Punjab
Market Volatility Continues
The recent fluctuations in gold prices in Pakistan reflect the ongoing volatility in the global market, with prices changing rapidly in response to various economic factors. As the market continues to evolve, it remains to be seen how prices will adjust in the coming days.
This articles covers recent gold price decrease in Pakistan by Rs. 500 per tola, following a significant Rs. 800 surge, underscores the market’s volatility. According to the Karachi Sarafa Association, 24-carat gold now costs Rs. 240,300 per tola, with 10 grams at Rs. 206,018. Notably, silver prices remained stable at Rs. 2,800 per tola and Rs. 2,400.54 per 10 grams. The Sarafa Association had previously kept gold prices Rs. 4,000 under cost, but the current adjustment reflects international market trends. These fluctuations highlight the sensitivity of precious metal prices to global economic factors, with further changes anticipated in the near future.