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Gold rates decline in Pakistan

MM News Staff by MM News Staff
February 3, 2024
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ISLAMABAD:  The per tola price of 24 karat gold decreased by Rs.1,700 and was sold at Rs.216,000 on Saturday compared to its sale at Rs.217,700 on the last trading day.

The price of 10 grams of 24 karat gold also decreased by Rs.1,458 to Rs.185,185 from Rs186,643 whereas the price of 10 grams 22 karat gold went down to Rs.169,753 from Rs.171,089, the All Sindh Sarafa Jewellers Association reported.

The price of per tola and ten-gram Silver remained stagnant at Rs.2,600 and 2,229.08 respectively.

The price of gold in the international market decreased by $15 to $2,059 from $.2,074, the Association reported. 

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Meanwhile,  Pakistani currency remains under pressure against the UAE Dirham in the open market, as UAE Dirham touched Rs76.6 for buying and Rs77.45 for selling on Saturday.

The  UAE Dharham saw a 10-paisa rise as compared to Friday’s closing rate of Rs76.45.

UAE Dirham is crucial, especially for those who are earning in official UAE currency. 

It is pertinent to mention here that a large number of Pakistanis are working in the UAE. 

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