Gold Price In Pakistan Drops by Rs. 26,600 Per Tola for Fifth Consecutive Day

In Pakistan, the cost of gold has decreased significantly, especially in the last four days. To simplify it, the price of a one-tola dropped by Rs. 26,600 during this time. In just five days, the gold price in Pakistan has dropped a lot. On September 8, 2023, in Pakistan, the price of 24-karat gold for one “tola” is Rs. 212,500/-.

At the beginning of the week, 24k gold was priced at Rs. 239,100 per tola, as reported by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA). As the week progressed, things got worse.

gold prices in pakistan

On Tuesday, the price decreased by Rs. 6,300 per tola, and on Wednesday, it dropped by Rs. 10,500 per tola, which was the most significant drop in a week. Thursday wasn’t any better, with a Rs. 5,800 decrease in the price of a tola. This downward trend continued until Friday when the price for a tola reached Rs. 212,500. However, on September 9, the price remains constant i.e Rs.212,500 per tola. These prices are based on information from the local gold market in places like Karachi and Multan.

Here’s a summary of the recent changes in gold prices:

Date  Price Dropped by
September 9, 2023 Rs.212,500
September 8, 2023 Rs.212,500 Rs.4,000
September 7, 2023 Rs.216,500  Rs.5,800
September 6, 2023 Rs.222,300 Rs.10,500
September 5, 2023 Rs.232,800 Rs.6,300 

The price of gold can be influenced by various factors. These ups and downs in gold prices are because of different things, like how the world’s economy is doing, the exchange rates for currencies, and how people feel about the market. One of the main reasons for the recent drop in the international market. Spot gold increased by 0.2% to $1,923.63 per ounce in the global market, and US gold futures went up by 0.3% to $1,947.60 per ounce. Changes in the global market directly impact the price of gold in Pakistan.

Today’s Gold Price in Pakistan – 9 September 2023

These prices given above apply to various cities in Pakistan, such as Karachi, Lahore, Islamabad, Peshawar, Faisalabad, Hyderabad, Rawalpindi, Quetta, and Multan. The gold rates are quite similar across these cities, with only slight variations of a few hundred rupees.

City Gold
Lahore PKR 212,500
Karachi PKR 212,500
Islamabad PKR 212,500
Peshawar PKR 212,500
Quetta PKR 212,500
Sialkot PKR 212,500
Attock PKR 212,500
Gujranwala PKR 212,500
Jehlum PKR 212,500
Multan PKR 212,500
Bahawalpur PKR 212,500
Gujrat PKR 212,500
Nawabshah PKR 212,500
Chakwal PKR 212,500
Hyderabad PKR 212,500
Nowshehra PKR 212,500
Sargodha PKR 212,500
Faisalabad PKR 212,500
Mirpur PKR 212,500

Related Blog

CDA Cuts Down Monthly Fuel Quota for Officers

CDA is Considering to Increase Metro Bus Fares Up-to 100% in Islamabad


Spread the love

Leave a Comment