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Gold rates continue to drop in Pakistan

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News Stories Posted by ARY News Digital Team

ISLAMABAD: The per tola rate of 24 karat gold in Pakistan decreased by Rs.300 and was sold at Rs.219,700 on Monday compared to its sale at Rs.220,000 on the last trading day, ARY News reported.

The price of 10 grams of 24 karat gold also decreased by Rs.258 to Rs.188,357 from Rs. 188,615 whereas the price of 10 grams 22 karat gold went down to Rs.172,661 from Rs. 172,897, the All Sindh Sarafa Jewellers Association reported.

The price of per tola and ten-gram silver remained unchanged at Rs2,680 and Rs.2,297.66 respectively.

The rate of gold in the international market remained stagnant at $2,082, the Association reported.

Read more: PSX gains over 1,500 points to cross 64,000-mark

Earlier today, the Pakistan Stock Exchange (PSX) saw a bullish trend on Monday as the market opened for trading on the first day of 2024.

The 100-index gained 1,580 points to cross the 64,000-point mark in the opening hours of trading.

The 100-index was trading at 64,031 points around 10.30 am. On Friday, the market had closed positively, gaining 400 points to reach 62,451.04 points.

The PSX has been on the march recently and shattered multiple records. The bullish trend came on the back of improvement in multiple other economic indicators including improvement in the rupee’s value as well as decrease in the prices of fuel.

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