In the latest market updates, local gold prices concluded their upwardtrend on Thursday, experiencing a decrease in the value of 24-karat gold byRs500 per tola, settling at Rs214,300.
The Karachi Sarafa Association reported that the 10-gram 24-karat goldended the day at Rs183,728, witnessing a drop of Rs428, while the 10-gram22-karat gold closed at Rs166,452, down by Rs393.
In contrast to gold, the price of silver remained unchanged in the domesticmarket, with both 24-karat silver and 10-gram 24-karat silver finishing atRs2,580 and Rs2,211.93, respectively.
It’s essential to note that domestic gold prices are closely tied tofluctuations in international prices and the local currency’s interbankexchange rate.
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On the global front, the international spot is currently trading at$1,966.65, indicating a 0.36 percent increase compared to its previousclose.