Gold Prices See Decline in Pakistan on December 9, 2024

Karachi: On Monday, December 9, 2024, the price of gold in Pakistan experienced a decrease across major cities, including Islamabad, Rawalpindi, Faisalabad, Peshawar, Sukkur, Hyderabad, Karachi, Multan, and Lahore. According to the latest reports from bullion markets, the price of 24-carat gold per tola has dropped to PKR 281,240, while 10 grams of gold is priced around PKR 241,122.10.
This fluctuation in gold prices is closely linked to changes in the value of the US dollar, highlighting the strong correlation between currency values and gold prices. On the international market, the price of gold is currently $2,650.36 per ounce.
It is important to note that gold prices in Pakistan are highly influenced by global market trends, and significant fluctuations can be expected due to the volatility of international gold rates.