Gold prices exhibit a long-awaited decline in Pakistan



The gold rate has exhibited a decrease of 700 rupees, in the Sarafa markets of several cities.

According to the details, there has been a notable drop of 6 dollars per ounce in the world market of billions, reaching 1520 dollars per ounce.

In the Sarafa Hub markets, pearl rates and 10 grams of gold have fallen Rs 600-700.

Gold rates have been reduced to Rs 88,800 in the markets of Karachi, Hyderabad, Sukkur, Multan, Lahore, Faisalabad, Rawalpindi, Islamabad, Peshawar and Quetta.

While silver rates remain stable in Pakistan, that is, 745 per 10 grams and $ 15.57 per ounce in the international market.

Last week, gold rates flew high in the Sarafa markets of several cities, after a stable period of time.

According to the details, there was a notable increase in gold rates despite dollar prices falling this week.

The dollar fell 1 rupee and 14 paisas against the rupee this week. After which, dollar rates fell from Rs 158 to 66 Rs to Rs 157 to 52 Rs.

Similarly, in the open market, the dollar weakened 1 rupee 40 paisas and slipped to 157 rupees 90 paisas of 159 rupees 30 paisas.

On the other hand, gold rates of one tola and 10 grams skyrocketed in Sarafa's markets.

According to reports, gold rates reached new highs of 1450 and 1243 rupees. While, in the international market, per ounce of gold raised up to $ 32 in just one day.

In different markets of Sarafa in the country, including Karachi, a tola of gold was sold for Rs 88,550. And 10 grams of gold were sold for Rs 75,917.

While silver rates remained stable, that is, 1110 for a tola and 951 rupees and 64 paisas for 10 grams of silver.

A notable drop of 2650 rupees was previously recorded in gold rates in that work week.

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