LAHORE – The gold prices moved down after back-to-back hikes as the precious metal prices lost shine on Thursday.
Rates shared by sarafa association show price of yellow metal hovers at Rs213,800 per tola after a single-day drop of Rs1,400.
Meanwhile, the rate of 10 grams of 24-karat gold witnessed a single drop of drop of Rs1,200 and was being sold at Rs183,300. For 22-karat, the 10 gram price stands at Rs168,024.
The recent changes are linked to changes in US Dollar value.
Globally, the precious metal saw a drop of $12 to settle at $2,035 per ounce.
Gold rates continue to change throughout the day influenced by trends in the global market.
On Thursday, the price of silver remained stable at Rs2,600.
Open-market: Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – 25 Jan 2024
