KARACHI – Gold prices in Pakistan witnessed another drop in line with the downturn in international bullion markets as drop comes day after a modest surge, showing ongoing volatility in precious metal rates.
Data shared by Sarafa Association shows price of 24-karat bullion moving down by Rs3,000 per tola bringing new rate to Rs351,500. whereas price for 10 grams of gold plunged by Rs2,572, now standing at Rs301,354.
Today Gold Prices
| Unit | New Price |
|---|---|
| 24-Karat (per tola) | Rs351,500 |
| 24-Karat (10 grams) | Rs301,354 |
Gold Rates in Pakistan This Week
| Dates | Price |
| 7-July | Rs353,000 |
| 4-July | Rs355,500 |
| 3-July | Rs357,000 |
| 2-July | Rs356,200 |
| 1-July | Rs356,800 |
| 30-June | Rs350,200 |
| 28-June | Rs349,400 |
Last month, gold prices were at Rs349,400 and price climbed to Rs356,800 by July 1, showing a steady upward trend. This upward momentum continued briefly, peaking at Rs357,000 on July 3. However, from July 4 onward, prices began to retreat, dropping to Rs355,500 and then Rs353,000 by July 7.
The drop follows a gain of Rs1,500 per tola recorded on Tuesday, when gold had reached Rs354,500 in the domestic market.
On the international front, gold prices also experienced a slide. The global rate was reported at $3,292 per ounce showing $33 decrease in value. Meanwhile, silver prices in the local market remained unchanged. The rate for silver stood steady at Rs3,841 per tola.
