Gold prices in Pakistan experienced a marginal dip on Monday, December 4, 2023, with the value of 24-karat gold dropping to Rs223,600 per tola. This marks a decrease of Rs200 from the previous day’s closing price.
The decline in gold prices is attributed to a combination of factors, including a strengthening Pakistani rupee against the US dollar and a relatively stable global gold market. The rupee’s appreciation makes gold imports cheaper, leading to a downward adjustment in domestic prices.
Despite the slight dip, gold remains a popular investment choice in Pakistan, with many individuals viewing it as a hedge against inflation and economic uncertainty. However, experts advise investors to exercise caution and conduct thorough research before making any gold-related investments.
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Here’s a breakdown of gold prices in Pakistan on December 4, 2023:
Please note that these prices are subject to change and may vary depending on the bullion market and individual jewelers.
- 24-karat gold: Rs223,600 per tola
- 22-karat gold: Rs198,662 per tola
- 21-karat gold: Rs191,701 per tola
- 18-karat gold: Rs163,120 per tola
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