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The per tola price of 24 karat gold decreased by Rs500 in Pakistan on Tuesday, after that the current rates of the precious metal in the local market are as under:
Gold:
- Per tola of 24- karat gold: Rs 241,500
- 10 grams of 24-karat gold: Rs 207,047
- 10 gram 22-karat gold: Rs 189,793
Silver:
- Per tola silver: Rs 2,850
- 10 grams silver: Rs 2,443.41
The price of gold in the international market decreased by $2 to $2,326 from $2,328, the association reported.
These rates were issued by the All Sindh Sarafa Jewellers Association on Tuesday afternoon as the association is releasing new prices every day from 12 pm to 3 pm.
It is worth noting that there is a minor difference in the prices of gold in different cities of Pakistan, including Karachi, Lahore, and Multan.
It should be noted that buying gold jewelry for weddings is a common practice in Pakistan as in some areas a groom has to gift gold jewelry to his bride which is why the increase or decrease in gold prices also affects the common man.