ISLAMABAD: Gold price in the country fell for the second straight week by Rs2,350 (-1.03 percent) per tola after the prices in the international markets took a dip after hitting an all-time high. The gold rate for a single tola of 24-karat decreased to Rs225,150 from Rs227,500 during the week, according to the data shared by the different gold associations. Similarly, the price of 10 grams of 24-karat gold closed the week at Rs193,030 against Rs195,054 at the start of the week, reflecting a dip of Rs2,024. Following suit, the price for 10 grams of 22-karat gold decreased to Rs176,944 from Rs178,791 during the week under review, reflecting a dip of Rs1,847. It is important to note that gold rates in Pakistan are influenced by trends in the global market. These fluctuations in gold rates are closely tied to changes in the value of the US dollar, demonstrating the intricate relationship between currency values and gold prices. TLTP
