LAHORE – The gold market in Pakistan witnessed a dip in prices on Tuesday, reflecting changes in the global bullion market. The price of gold per tola fell by Rs800, settling at Rs272,600, according to the latest data shared by the Sarafa Association. Similarly, the price for 10 grams of gold dropped by Rs685, landing at Rs233,711.
This decline comes after a stable session on Monday, signaling the influence of international trends on the local market. Globally, the price of gold fell by $8, settling at $2,614 per ounce, as investors responded to market adjustments.
Interestingly, while gold prices showed movement, silver rates in Pakistan remained unchanged. The price of silver per tola held steady at Rs3,350, with no significant fluctuations observed.
Latest Gold Prices in Pakistan (December 2024)
| Gold Types | Previous Price | Current Price | Change |
|---|---|---|---|
| Per Tola | Rs273,400 | Rs272,600 | Rs800 |
| 10 Grams | Rs234,396 | Rs233,711 | Rs685 |
Global Trends Impacting Local Gold Prices
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The decline in gold prices aligns with global market trends. A slight recovery in the dollar and potential shifts in interest rates have tempered the appeal of bullion as a safe-haven asset. These fluctuations highlight the interconnectedness of the local and international markets, with Pakistani gold prices often mirroring global movements.
Stay updated on the latest gold and silver rates to make informed investment decisions, as market conditions can change rapidly.
