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Gold prices fall in Pakistan and Delhi markets

Published 01/16/2024, 11:26 PM
Updated 01/17/2024, 04:38 AM
© Reuters.

ISLAMABAD/NEW DELHI - Gold prices have seen a significant downturn in the markets of Pakistan and Delhi. The cost of gold per tola in Pakistan has plummeted by Rs.3,600, bringing the price down to Rs.213,700. Similarly, the price for ten grams of pure gold has fallen to Rs.183,213. The rate for the same amount in 22 karat slid down to Rs.167,945.

In Delhi, the price for ten grams of 22-carat gold has been reduced by Rs.100, now costing Rs.58,200, while 24-carat gold has experienced a reduction of Rs.110, taking the price to Rs.63,480.

Along with gold, silver prices have also experienced a downtrend in these regions. The rate for silver has fallen to Rs.2,600 per tola in Pakistan, and ten gram silver declining by Rs.42.86 to close at Rs.2,229.08. In Delhi, however, the price stands steady at Rs.76,500 per kilogram.

These price movements come at a time when gold prices are generally experiencing a downward trend on a global scale with a $22 drop in gold prices landing at $2,045. This decline in local gold and silver prices may reflect market-specific conditions as well as aligning with the broader global trend.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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